金融创新
金融创新（英語：financial innovation）是创造新的金融工具以及新的金融技术、制度和市场的行为。最近的金融创新包括对冲基金、私募股权、天气衍生品、零售-结构产品、交易型开放式指数基金、联合家族办公室和伊斯蘭債券等。影子银行体系催生了一系列金融创新，包括抵押贷款支持证券产品和债务抵押债券（CDO）。[1]
创新分为三类：制度创新、产品创新和流程创新。制度创新涉及新型金融公司的创建，例如专业信用卡公司、投资咨询公司和相关服务以及直销银行。产品创新涉及衍生品、证券化、外币抵押等新产品。流程创新涉及开展金融业务的新方式，包括網路銀行和电话银行。[1]
参见
参考文献
- ^ 1.0 1.1 Definition of Financial Innovation. Financial Times. [11 February 2018]. （原始内容存档于February 12, 2018）.
参考书目
- Allen, Franklin; Douglas Gale. Optimal Security Design. The Review of Financial Studies. 1988, 1 (3): 229–263. doi:10.1093/rfs/1.3.229.
- Duffie, Darrell; Rohit Rahi. Financial Market Innovation and Security Design: An Introduction. Journal of Economic Theory. 1995, 65 (1): 1–42. doi:10.1006/jeth.1995.1001.
- Melamed, Leo. Leo Melamed: Escape to the Futures First. Wiley. 1996. ISBN 978-0-471-11215-0.
- Myers, Stewart C.; Nicholas S. Majluf. Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics. 1984, 13 (2): 187–221. doi:10.1016/0304-405X(84)90023-0. hdl:1721.1/2068
. - Shiller, Robert J. Derivatives Markets for Home Prices (PDF) (Discussion Paper). Cowles Foundation. 2008 [2023-05-06]. CFDP 1648. （原始内容存档 (PDF)于2015-12-18）.
- Persons, John C.; Vincent A. Warther. Boom and Bust Patterns in the Adoption of Financial Innovations. The Review of Financial Studies. 1997, 10 (4): 939–967. doi:10.1093/rfs/10.4.939.
- Ross, Stephen A. Institutional Markets, Financial Marketing, and Financial Innovation. The Journal of Finance. 1989, 44 (3): 541–556. JSTOR 2328769. doi:10.2307/2328769.
- Tufano, Peter. Chapter 6 Financial innovation 1A. Elsevier. 2003: 307–335. ISBN 978-0-0804-9507-1.
