Financial Innovation and Economic Growth - A Theoretical Approach

This paper studies the economic growth implications of financial innovations that emerge in more sophisticated and complete financial markets. Financial innovations in the form of new financial instruments, services, institutions, technologies, and markets mobilise financial surpluses from ultimate savers and channelizes them into most productive investment avenues thereby raising the rate of capital accumulation, and hence, the rate of economic growth

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Year of publication:	2009
Authors:	Mishra, P. K.
Publisher:	[S.l.] : SSRN
Subject:	Finanzprodukt \| Financial product \| Wirtschaftswachstum \| Economic growth \| Wachstumstheorie \| Growth theory \| Endogenes Wachstumsmodell \| Endogenous growth model

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Extent:	1 Online-Ressource (6 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 3, 2008 erstellt
Other identifiers:	10.2139/ssrn.1262658 [DOI]
Classification:	E44 - Financial Markets and the Macroeconomy ; G10 - General Financial Markets. General ; N20 - Financial Markets and Institutions. General, International, or Comparative ; O16 - Financial Markets; Saving and Capital Investment ; O31 - Innovation and Invention: Processes and Incentives
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014215041