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Knowledge, Technology Adoption and Financial Innovation
Fernandes, Ana - Department Volkswirtschaftlehre, Universität Bern - 2005
Why are new financial instruments created? This paper proposes the view that financial development arises as a response to the contractual needs of emerging technologies. Exogenous technological progress generates a demand for new financial instruments in order to share risk or overcome private...
Persistent link: https://www.econbiz.de/10005515690
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Why and when financial instruments are created: a learning story
Fernandes, Ana - In: Journal of Financial Transformation 18 (2006), pp. 24-28
The relationship between financial development and growth has been the subject of intense scrutiny. Economists debate whether finance causes growth [Hicks (1969), Schumpeter (1934)], or whether it is growth that triggers the development of financial markets [Robinson (1952)]. This paper proposes...
Persistent link: https://www.econbiz.de/10004981467
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KNOWLEDGE, TECHNOLOGY ADOPTION AND FINANCIAL INNOVATION
Fernandes, Ana - Centro de Estudios Monetarios y Financieros (CEMFI) - 2004
Why are new financial instruments created? Why are they needed and what purpose do they serve? This paper proposes the view that financial development arises as a response to the contractual needs of emerging technologies. Exogenous technological progress generates a demand for new financial...
Persistent link: https://www.econbiz.de/10005827072
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Regulating for Financial System Development, Financial Institutions Stability, and Financial Innovation
Mason, Joseph R. - 2012
The issues in today's crisis – and indeed in the most important crises, historically – can best be understood as a manifestation of asymmetric information in an environment of rapid financial innovation. The present paper reviews the asymmetric information and financial innovation frameworks...
Persistent link: https://www.econbiz.de/10013104093
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The effect of financial innovation on economic growth in transition countries
Thi Thuy Huong Luong; Attasuda Lerskullawat; Laosuthi, … - In: Scientific papers of the University of Pardubice 32 (2024) 1, pp. 1-12
This paper aims to explore the effect of financial innovation on economic growth in 28 transition countries from 2004 to 2021. Financial innovation is categorized based on the structure of the financial system, including commercial banks, non-commercial banks and financial markets. By applying...
Persistent link: https://www.econbiz.de/10014511551
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Mobile financial services and financial inclusion : is it a boon for savings mobilization?
Ouma, Shem Alfred; Odongo, Teresa Maureen; Were, Maureen - In: Review of development finance 7 (2017) 1, pp. 29-35
The adoption of mobile telephony to provide financial services in Africa has become instrumental in integrating the hitherto unbanked segments of the population to the mainstream financial systems. This study sought to establish this linkage by examining whether the pervasive use of mobile...
Persistent link: https://www.econbiz.de/10011714414
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Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment
Burgess, Robin; Pande, Rohini - C.E.P.R. Discussion Papers - 2004
Lack of access to finance is often cited as a key reason for why poor people remain poor. This Paper uses data on the Indian rural branch expansion programme to provide empirical evidence on this issue. Between 1977 and 1990, the Indian central bank mandated that a commercial bank could open a...
Persistent link: https://www.econbiz.de/10005792249
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Organizational and epistemic change : the growth of the art investment field
Coslor, Erica; Spaenjers, Christophe - 2013
What can studying the creation of knowledge tell us about how new technical fields emerge and develop? This paper shows … how a knowledge community may be necessary to support the legitimacy of new products that undergo performance evaluation … field through an epistemic cultures lens. Technical knowledge about the financial characteristics of art has been developed …
Persistent link: https://www.econbiz.de/10010389016
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Knowledge, Technology Adoption and Financial Innovation
Fernandes, Ana - 2014
Why are new financial instruments created? This paper proposes the view that financial development arises as a response to the contractual needs of emerging technologies. Exogenous technological progress generates a demand for new financial instruments in order to share risk or overcome private...
Persistent link: https://www.econbiz.de/10012709556
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Asset management in volatile markets
Haiss, Peter R.; Sammer, Bernhard; Gartner, Martin; … - New Trends in Asset Management: Exploring the … - 2010
The 27th SUERF Colloquium in Munich in June 2008: New Trends in Asset Management: Exploring the Implications was already topical in the Summer of 2008. The subsequent dramatic events in the Autumn of 2008 made the presentations in Munich even more relevant to investors and bankers that want to...
Persistent link: https://www.econbiz.de/10011705329