Advanced Search
MyIDEAS: Login to save this article or follow this journal

La innovación financiera y la crisis mundial

Contents:

Author Info

  • Sánchez, Manuel

    (Subgobernador del Banco de México)

Registered author(s):

    Abstract

    This essay focuses on the nature and prospects of financial innovation in light of the recent global economic crisis. My central point is that although financial innovation has lately fallen out of favor because some of its products acted as vehicles in the credit boom that led to the crisis, criticism should be taken with caution. Innovation has been with us for a long time, and its overall contribution to finance and welfare has been positive. Provided that we strengthen prudential regulation to discourage excessive risk taking in the future, innovation can continue to benefit our societies.// Este artículo se enfoca en la naturaleza y los prospectos de la innovación financiera a la luz de la reciente crisis económica mundial. Mi punto focal es que a pesar de que en fechas recientes la innovación financiera ha caído en desgracia debido a que algunos de sus productos sirvieron como vehículos en el auge crediticio que derivó en la crisis, las críticas deben tomarse con cautela. La innovación está entre nosotros desde hace mucho tiempo y su contribución a las finanzas y el bienestar social ha sido positiva. Siempre y cuando fortalezcamos la regulación prudencial para desmotivar la toma excesiva de riesgos en el futuro, la innovación puede seguir beneficiando a nuestras sociedades.

    Download Info

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below under "Related research" whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Bibliographic Info

    Article provided by Fondo de Cultura Económica in its journal El Trimestre Económico.

    Volume (Year): LXXVII (3) (2010)
    Issue (Month): 307 (julio-septiembre)
    Pages: 759-770

    as in new window
    Handle: RePEc:elt:journl:v:77:y:2010:i:307:p:759-770

    Contact details of provider:
    Web page: http://www.fondodeculturaeconomica.com/

    Order Information:
    Postal: Order print issues directly in our web page or with Guadalupe Galicia at Fondo de Cultura Económica, El Trimestre Económico, Carretera Picacho Ajusco 227, 6° piso,Col. Bosques del Pedregal, CP 14738, Tlalpan, Distrito Federal, México
    Email:
    Web: http://www.eltrimestreeconomico.com/

    Related research

    Keywords: innovación financiera; crisis financiera;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:elt:journl:v:77:y:2010:i:307:p:759-770. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rosa María González Mejía).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.