Radical Financial Innovation
AbstractRadical financial innovation is the development of new institutions and methods that permit risk management to be extended far beyond its former realm, covering important new classes of risks. This paper compares past such innovation with potential future innovation, looking at the process that produced past success and the possibilities for future financial innovation.
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Bibliographic InfoPaper provided by Cowles Foundation for Research in Economics, Yale University in its series Cowles Foundation Discussion Papers with number 1461.
Length: 28 pages
Date of creation: Apr 2004
Date of revision:
Publication status: Published in Eytan Sheshinski, Robert J. Strom, and William J. Baumol, eds., Entrepreneurship, Innovation and the Growth Mechanism of the Free Market Economies, Princeton University Press, 2006, pp. 306-323
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
Find related papers by JEL classification:
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
This paper has been announced in the following NEP Reports:
- NEP-ACC-2004-06-27 (Accounting & Auditing)
- NEP-ALL-2004-06-27 (All new papers)
- NEP-FIN-2004-06-27 (Finance)
- NEP-INO-2004-06-27 (Innovation)
- NEP-URE-2004-06-27 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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