2:41 PM
Innovation is commonly defined as the carrying out of new combinations that include the introduction of new goods, ... new methods of production, ... the opening of new markets, ... the conquest of new sources of supply ... and the carrying out of a new organization of any industry. However, many scholars and governmental organizations have given their own definition of the concept.Financial innovation is the act of creating new financial instruments as well as new financial technologies, institutions, and markets.Recent financial innovations include hedge funds, private equity, weather derivatives, retailstructured products, exchangetraded funds, multifamily offices, and Islamic bonds ().The shadow banking system has spawned an array of financial innovations ...
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thompson
Saturday, January 16, 2021