Financial Innovation in Retail and Corporate Banking (New Horizons in Money and Finance series)
Author(s): Luisa Anderloni (Editor), David T. Llewellyn (Editor), Reinhard H. Schmidt (Editor)
Publisher: Edward Elgar Publishing Ltd
Publication Date: 31 Mar. 2009
Language: English
Print length: 352 pages
ISBN-10: 1848440405
ISBN-13: 9781848440401
Book Description
This valuable book discusses in detail, through a blend of theory and empirical research, the processes of innovation and the diffusion of new financial instruments.
The contributors explore theoretical issues such as the relationship between financial innovation and market structure and the legal protection of financial innovation. They examine various topics on retail banking, from payment services and procedures, trading online, internet banking and profitability of retail banking to microfinance. This comprehensive book also focuses on innovation in corporate banking, such as credit derivatives and their implications for the relationship between banks and markets in financial systems.
This book will be invaluable to postgraduate students, researchers and academics with an interest in economics and finance and financial innovation in particular.
Editorial Reviews
Review
‘. . . the heterogeneous collections of papers ensure that an engaged reader will find something of interest. . . The authors’ critical review of innovation from a scientific perspective will undoubtedly serve as a guide to others, and the topics covered in the book will continue to be studied in the future in an attempt to improve the efficiency, accessibility and attractiveness of world financial markets.’ — Orestes Pasparakis, Journal of International Banking Law and Regulation
‘The book. . . gives us a lot of new information. . . and that is its most important contribution. . . Rich and comprehensive coverage of financial innovations that I tried to present earlier makes it a very interesting reading. Moreover, practically all studies included there are heavily supported with empirical research, what makes the book even more valuable to any student of the subject. . .’ — Ryszard Kokoszczynski, SUERF
About the Author
Edited by Luisa Anderloni, Professor of Banking and Finance, Department of Economics, Business and Statistics, University of Milan and Researcher, Carefin, Bocconi University, Milan, Italy, David T. Llewellyn, Emeritus Professor of Money and Banking, Loughborough University, UK and Reinhard H. Schmidt, Professor of International Banking and Finance, Department of Finance, Goethe University, Frankfurt am Main, Germany
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