Some Thoughts on Financial Innovation and Financial Crises

Artikel

Financial innovation, which was originally introduced for a positive aim, over time has actually had relevant negative effects on the economy. This occurred because it encouraged intermediaries to change their way of operating, allowing them to modify their solvency without changing radically their external shape. Financial innovation, which developed on account of both the need to finance the growing USA external debt and the tendency of American families to incur into excessive debts, is certainly the main cause lying behind the recent financial crises. In the future, these can be avoided only by means of a strict regulation of financial markets.

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• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Amfiteatru Economic Journal ; ISSN: 2247-9104 ; Volume: 11 ; Year: 2009 ; Issue: 26 ; Pages: 522-532 ; Bucharest: The Bucharest University of Economic Studies

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Financial Crises ; International Financial Markets
• Thema: financial crises ; financial innovation ; international financial markets

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Palmerio, Giovanni
• Ereignis: Veröffentlichung
• (wer): The Bucharest University of Economic Studies
• (wo): Bucharest
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/168680