Title

Is the Progress of Financial Innovation a Continuous Spiral Process

Author First name, Last name, Institution

Dionisis Th. Philippas
Costas Siriopoulos

Document Type

Article

Source of Publication

SSRN Electronic Journal

Publication Date

1-1-2011

Abstract

We herein examine the progress of financial innovations over the past 30 years, beginning with how they have influenced the financial system. We adopt a framework of classification that provides an overview of previous findings to examine the continuity of financial innovations. We find that the progress of financial innovations is discontinuous and is characterized by isolation and limited research studies. Finally, we highlight the main reasons why the previous literature in this area is limited and how financial innovations have not yet reached the point of diminishing returns.

ISSN

1556-5068

Publisher

Elsevier BV

Volume

9

Disciplines

Business

Indexed in Scopus

no

Open Access

no

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