金融创新效应的理论评述

被引:23
作者
何德旭 [1 ]
王卉彤 [2 ]
机构
[1] 湖北经济学院
[2] 中央财经大学
关键词
金融创新; 金融风险; 金融脆弱性; 金融资源;
D O I
10.19654/j.cnki.cjwtyj.2008.12.001
中图分类号
F830 [金融、银行理论];
学科分类号
摘要
20世纪60年代以来,金融创新层出不穷。金融创新既是促进金融市场发育、金融行业发展和经济增长的主要力量,也是带来金融风险、导致金融不稳定、加剧经济失衡的重要因素。本文从金融创新者的回报、金融创新对社会福利的影响、金融创新和经济波动的关系、金融创新与金融风险的扩散等方面对国外学者的代表性文献进行了梳理,进一步廓清了对金融创新的认识,从中得出了有关金融创新辩证、客观的评价。
引用
收藏
页码:3 / 8
页数:6
相关论文
共 12 条
[1]  
全球金融风险监管[M]. 经济科学出版社 , (英)约翰·伊特韦尔(JohnEatwell),(美)艾斯·泰勒(LanceTaylor)著, 2001
[2]   Evidence of early-mover advantages in underwriting spreads [J].
Carow, KA .
JOURNAL OF FINANCIAL SERVICES RESEARCH, 1999, 15 (01) :37-55
[3]  
Financial innovation and investor wealth: A study of the poison put in convertible bonds[J] . Vikram Nanda,Youngkeol Yun.Journal of Corporate Finance . 1996 (1)
[4]   WELFARE EFFECTS OF FINANCIAL INNOVATION IN INCOMPLETE MARKETS ECONOMIES WITH SEVERAL CONSUMPTION GOODS [J].
ELUL, R .
JOURNAL OF ECONOMIC THEORY, 1995, 65 (01) :43-78
[5]  
Incomplete markets and incentives to set up an options exchange[J] . Franklin Allen,Douglas Gale.The Geneva Papers on Risk and Insurance Theory . 1990 (1)
[6]  
Pricing fixed rate mortgages: Some empirical evidence[J] . C. F. Sirmans,John D. Benjamin.Journal of Financial Services Research . 1990 (3)
[7]  
The impact of the agencies on conventional fixed-rate mortgage yields[J] . Patric H. Hendershott,James D. Shilling.The Journal of Real Estate Finance and Economics . 1989 (2)
[8]  
Financial Innovations and Macroeconomic Volatility. Urban Jermann,Vincenzo Quadrini. CEPR Discussion Paper No.5727 . 2006
[9]  
Corporate Issues of Foreign Currency Exchange Warrants. Rogalski,R.J,J.K .Seward. Journal of Financial Eco-nomics . 1991
[10]  
Is the 2007 Subprime Financial Crisis So Different?. Reinhart,Carmen,Kennerth S.Rogoff. . 2008