金融創新
金融創新（英語：financial innovation）是創造新的金融工具以及新的金融技術、制度和市場的行為。最近的金融創新包括對沖基金、私募股權、天氣衍生品、零售-結構產品、交易型開放式指數基金、聯合家族辦公室和伊斯蘭債券等。影子銀行體系催生了一系列金融創新，包括抵押貸款支持證券產品和債務抵押債券（CDO）。[1]
創新分為三類：制度創新、產品創新和流程創新。制度創新涉及新型金融公司的創建，例如專業信用卡公司、投資諮詢公司和相關服務以及直銷銀行。產品創新涉及衍生品、證券化、外幣抵押等新產品。流程創新涉及開展金融業務的新方式，包括網絡銀行和電話銀行。[1]
參見[編輯]
參考文獻[編輯]
- ^ 1.0 1.1 Definition of Financial Innovation. Financial Times. [11 February 2018]. （原始內容存檔於February 12, 2018）.
參考書目[編輯]
- 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. （原始內容存檔 (PDF)於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.
