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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References listed on IDEAS
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.:
- Harris, Christopher & Howitt, Peter & Vickers, John & Aghion, Philippe, 2001.
"Competition, Imitation and Growth with Step-by-Step Innovation,"
12375013, Harvard University Department of Economics.
- Philippe Aghion & Christopher Harris & Peter Howitt & John Vickers, 2001. "Competition, Imitation and Growth with Step-by-Step Innovation," Review of Economic Studies, Oxford University Press, vol. 68(3), pages 467-492.
- 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.
- J.W.B. Bos & J. Kolari & R. van Lamoen, 2009. "Competition and Innovation: Evidence from Financial Services," Working Papers 09-16, Utrecht School of Economics.
- 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.
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