Notes: Financial Innovation
This essay surveys the literature on financial innovation from a wide
of disciplines: financial economics, history, law, and industrial organization.
financial innovation, discuss problems with creating taxonomies of financial
and outline the explanations given for the extensive amount of financial
observe both today and in history. It also reviews work that studies
the identity of
innovators, the process of diffusion of innovation, the private benefits
of innovation and
the social welfare implications of innovation.
- Centre for the Study of Financial
Technologies, Financial Innovation and Laissez-Faire Banking, Cato
Journal, Vol. 15, no. 1