Re-Engineering of the Business through Financial Innovations
The paper studies the literature on financial innovations from point of view of the business. The recent financial indignation set out the question whether the innovative financial market instruments are long-term profitable enough. The issue however is not what is their quantity but what they are used for and whether on their purpose. The principle tasks to the experts today are first to filter the toxic from healthy attractive innovative market instruments, then to reach a symbiosis between financial and technological innovations, and last but not least to evaluate the influence of the specific types of financial innovations dominating in each stage of the technological cycle for optimal distribution of the resources in the economy and restoring the business.
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Volume (Year): (2012)
Issue (Month): 3 ()
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- J.W.B. Bos & J. Kolari & R. van Lamoen, 2009.
"Competition and innovation: evidence from financial services,"
09-16, Utrecht School of Economics.
- Bos, Jaap W.B. & Kolari, James W. & van Lamoen, Ryan C.R., 2013. "Competition and innovation: Evidence from financial services," Journal of Banking & Finance, Elsevier, vol. 37(5), pages 1590-1601.
- Duffie Darrell & Rahi Rohit, 1995. "Financial Market Innovation and Security Design: An Introduction," Journal of Economic Theory, Elsevier, vol. 65(1), pages 1-42, February.
- Aghion, Philippe, et al, 2001. "Competition, Imitation and Growth with Step-by-Step Innovation," Review of Economic Studies, Wiley Blackwell, vol. 68(3), pages 467-92, July.
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