Innovations in the finance industry are an important tool to enhance profitability and to increase a nation's wealth. It, therefore, is not astonishing that there is much empirical work on innovations in finance. Most of the work however is concerned with the design of innovative products. The...

This Essay discusses two historical parallels between the current financial crisis and the financial crisis of the late 1920s and 1930s. First, financial innovation was at the core of both crises. In particular, the machinations of Ivar Kreuger illuminate how financial innovation tends to...

This book provides two important contributions to existing theories in the financial innovation literature. First, it extends the existing literature of innovation orientation to a completely new field and construct that is based on a religious imperative as a framework within which financial...

The Political Economy of Monetary and Financial Innovation by P. Bernholz and R. Vaubel.- Silver as a Financial Tool in Ancient Egypt and Mesopotamia by M. Van De Mieroop.- War and Peace, Imitation and Innovation, Backwardness and Development by D.M. Schaps -- The Emergence and Spread of Coins...