The development of a well adapted financial system was a main part of the successful Swedish economic modernization in the latter half of the nineteenth century. In this paper it is shown that this development followed the pattern of a financial revolution. Major institutional and organizational...

Financial innovation in the form of new delivery channels, products, and providers has helped push out the frontier of access to finance and thus increase the bankable and banked population. Mobile money and crowdfunding platforms are prime examples for this. The same financial innovation has...

After a review of factors such as technology and the related policy toward financial liberalization that has affected financial institutions worldwide, this paper focuses on changes in Continental Europe. We identify and review three driving forces: (a) European integration, (b) the factors that...

The paper unveils whether ICT diffusion determines development of financial innovation in emerging economies. Particularly, we examine the impact of ICT adoption on changing values of exchange traded funds in Brazil and Mexico, comparing it to the United States as reference country (benchmark)....

The term “financial technology” (or FinTech) refers to the application of technology for the provision of financial services. FinTech companies are attracting the interest of both financial services users and investment firms, which see them as the future of the financial sector. This...

Open climate and green finance issues concern the lack of a comprehensive taxonomy of green and brown assets and the uncertainty over the substantial advantage in investing in green projects (e.g., greenium). Barriers to environmental-related investments boil-down to the lack of a stable climate...

Since the global financial crisis of 2008, there has been increasing attention on the impact of financial innovation (FI) on the financial services industry. Despite wide consensus on the benefits of innovation to the real economy, the crisis made FI a focus of re-evaluation and...