全球智库信息集成服务系统(G2TT): The Consequences of Financial Innovation: A Counterfactual Research Agenda

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w16780
来源ID	Working Paper 16780
	The Consequences of Financial Innovation: A Counterfactual Research Agenda
	Josh Lerner; Peter Tufano
发表日期	2011-02-10
出版年	2011
语种	英语
摘要	Financial innovation has been both praised as the engine of growth of society and castigated for being the source of the weakness of the economy. In this paper, we review the literature on financial innovation and highlight the similarities and differences between financial innovation and other forms of innovation. We also propose a research agenda to systematically address the social welfare implications of financial innovation. To complement existing empirical and theoretical methods, we propose that scholars examine case studies of systemic (widely adopted) innovations, explicitly considering counterfactual histories had the innovations never been invented or adopted.
主题	Financial Economics ; Financial Institutions ; Development and Growth ; Innovation and R& ; D
URL	https://www.nber.org/papers/w16780
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/574455
推荐引用方式 GB/T 7714	Josh Lerner,Peter Tufano. The Consequences of Financial Innovation: A Counterfactual Research Agenda. 2011.