Financial innovation: the bright and the dark sides

• المؤلفون الرئيسيون: Beck, Thorsten, Chen, Tao, Lin, Chen, Song, Frank M.
• مؤلفون آخرون: Nanyang Business School
• التنسيق: مقال
• اللغة: English
• منشور في: 2018
• الموضوعات: Financial Innovation; Securitization
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/81685; http://hdl.handle.net/10220/45072
• المؤسسة: Nanyang Technological University

Based on data from 32 countries over the period 1996-2010, this paper is the first to assess the relationship between financial innovation, on the one hand, and bank growth and fragility, as well as economic growth, on the other hand. We find that different measures of financial innovation, capturin...