Abstract
A number of significant changes have taken place in domestic and international financial markets over the past two decades. The introduction of a host of new financial products, an influx of numerous and more diversified types of financial firms and expanding use of computers and communications technology have combined to produce a revolution in financial services. As with all revolutions, there is considerable interest in what caused this one and what changes it has produced.
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© 1992 K. Alec Chrystal
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Thornton, D.L., Stone, C.C. (1992). Financial Innovation: Causes and Consequences. In: Dowd, K., Lewis, M.K. (eds) Current Issues in Financial and Monetary Economics. Current Issues in Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-21908-7_5
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DOI: https://doi.org/10.1007/978-1-349-21908-7_5
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-51640-9
Online ISBN: 978-1-349-21908-7
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)