Financial Innovation: A Permanent Agenda in Finance

Wesley Mendes-Da-Silva

Abstract


The Journal of Financial Innovation (JoFI), which is totally independent and completely free to anyone who is interested in reading it, has been establishing itself as one of the first periodicals dedicated to financial innovation, a subject that has been growing in importance in various spheres of interest, from academia to industry, including policy makers. Economic stability and growth are closely linked to financial innovation in its various formats, i.e. products, processes and financial institutions.

At the end of the 1980s the financial market in the United States and its institutions were facing changes that were seen as revolutionary at the time. In other words, at that particular moment in time we witnessed the rise of financial instruments and institutions that did not even exist at the end of the 1970s. As Mishkin (1990) points out, there is still an interest in understanding better the dynamic of the changes in financial systems and the proliferation of financial products. In this regard, the forces behind financial innovation are increasing in relevance. These include the conditions required for changes in the market, advances in technology, market (de)regulation, different types of crisis that are relevant to the market, new challenges facing banks, and other such matters.


Keywords


Innovation in Finance; Crowdfunding; Technology; Finance

Full Text:

PDF

References


Bergmann, D. R., Oliveira, M. A., & Machado, V. W. (2015). Reação dos preços das ações de companhias aéreas após acidentes: Evidências internacionais. Journal of Financial Innovation, 1(3), 231–248. doi:10.15194/jofi_2015.v1.i3.27

Callaghan, I. (2015, December). ClimatefinanceafterCOP21: Pathways to the effective financing of commitments and needs (Tech. Rep.). InvestorWatch.

Costa, O., & Cazassa, E. (2015). Property mix heterogeneity and Market cycles: How much can we rely on median-price indices? Journal of Financial Innovation,1(3),199–212. doi:10.15194/jofi_2015.v1.i3.24

Felipe, I. J. d. S. (2015). Shared value creation and crowdfunding in Brazil. Journal of Financial Innovation, 1(3), 213–230. doi:10.15194/jofi_2015.v1.i3.39

Linnenluecke, M. K., Chen, X., Ling, X., Smith, T., & Zhu, Y. (2016). Emerging trends in Asia-Pacific finance research: Are view of recente influential publications and aresearch agenda. Pacific-Basin Finance Journal, 36, 66–76. doi:10.1016/j.pacfin.2015.12.002

Mishkin, F. S. (1990, April). Financial innovation and current trends in u.s. financialmarkets (WorkingPaperNo.3323). NationalBureauofEconomic Research(NBER). doi:10.3386/w3323

Ridolfo Neto, A., & Russo, M. M. (2015). Are real options a real option for real-world finance professionals? Case study: Investment project in the Latin American Oil and gas field services industry. Journal of Financial Innovation,1(3),249–265. doi:10.15194/jofi_2015.v1.i3.28

Rompotis, G. G. (2015). Empirical insights on the trading behavior of the UK leveraged ETFs. Journal of Financial Innovation, 1(3), 159–197. doi: 10.15194/jofi_2015.v1.i3.32




DOI: https://doi.org/10.15194/jofi_2015.v1.i3.47

Refbacks





Copyright (c) 2015 Journal of Financial Innovation

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.