Theories of Financial Innovation

Krzysztof Biernacki

Abstract

Recent changes, especially caused by the COVID-19 pandemic, deeply affected financial markets all over the world. For years, the development of international financial markets has depended on the implemented financial innovations. Those innovations have created new financial instruments, minimized risk and supported liquidity. It can be assumed, that in the nearest future the fluctuations will require some new proposals, supporting the financial markets in staying in motion The study presents theories of financial innovation along with a classification framework. In the article, the author hypothesized that many existing theories of creating financial innovations make it impossible to determine precisely which temporary factors can eventually become the cause of creating new innovations. However, alternative scenarios that do not assume innovations in the long run may provide constraints or even declines in financial markets - because they are well known at present.
Author Krzysztof Biernacki (BM / DoFAaC)
Krzysztof Biernacki,,
- Department of Financial Accountings, Taxes and Audit
Pages15403-15409
Publication size in sheets0.5
Book Soliman Khalid S. (eds.): Education Excellence and Innovation Management: A 2025 Vision to Sustain Economic Development during Global Challenges, 2020, International Business Information Management Association (IBIMA), ISBN 9780999855141
Keywords in EnglishFinancial Instruments, Theories of Innovation, Innovations
Languageen angielski
File
Biernacki_K_Theories_of_Financial_Innovation.pdf 982,4 KB
Score (nominal)70
Score sourceconferenceList
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