Research Information System
in: Globalization of Financial Institutions, Ümit Hacıoğlu, Editor, Springer, London/Berlin , Chur, pp.165-174, 2014
This chapter gives an overview of how financial innovation has been one of the most influential factors in shaping today’s financial system and the world economy. It starts with a brief review of the financial innovation literature and addresses the determinants of financial innovation. The next section examines the current debate regarding financial innovation and concludes with a discussion for the future of these new financial products and processes.