Financial Innovation, Banking, and Monetary Aggregates

Financial Innovation, Banking, and Monetary Aggregates

Author: A. W. Mullineux

Publisher: Edward Elgar Publishing

Published: 1996-01-01

Total Pages: 232

ISBN-13: 9781781959367

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Financial Innovation, Banking and Monetary Aggregates reviews the impact of financial innovation on the measurement of money and presents the first collection of country studies appraising the usefulness of Divisia indices in deriving monetary aggregates. Monetary aggregates are traditionally formed by simply summing various monetary components such as cash and balances in savings and cheque accounts. The monetary usefulness, or 'moneyness', of these components differs and can change as a result of innovation in banking, monetary transmission and payment services. To gauge the importance of such distortions and the merits of alternative weighted monetary indices, particularly Divisia indices, this volume brings together authoritative empirical studies of countries including the US, the UK, Germany, France, Sweden, Italy and Japan. The authors conclude by showing how Divisia monetary indices act as a useful supplement to traditional monetary aggregates.


Book Synopsis Financial Innovation, Banking, and Monetary Aggregates by : A. W. Mullineux

Download or read book Financial Innovation, Banking, and Monetary Aggregates written by A. W. Mullineux and published by Edward Elgar Publishing. This book was released on 1996-01-01 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Innovation, Banking and Monetary Aggregates reviews the impact of financial innovation on the measurement of money and presents the first collection of country studies appraising the usefulness of Divisia indices in deriving monetary aggregates. Monetary aggregates are traditionally formed by simply summing various monetary components such as cash and balances in savings and cheque accounts. The monetary usefulness, or 'moneyness', of these components differs and can change as a result of innovation in banking, monetary transmission and payment services. To gauge the importance of such distortions and the merits of alternative weighted monetary indices, particularly Divisia indices, this volume brings together authoritative empirical studies of countries including the US, the UK, Germany, France, Sweden, Italy and Japan. The authors conclude by showing how Divisia monetary indices act as a useful supplement to traditional monetary aggregates.


Financial Innovations

Financial Innovations

Author: Federal Reserve Bank of St. Louis

Publisher: Springer

Published: 1984-06-30

Total Pages: 200

ISBN-13:

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Book Synopsis Financial Innovations by : Federal Reserve Bank of St. Louis

Download or read book Financial Innovations written by Federal Reserve Bank of St. Louis and published by Springer. This book was released on 1984-06-30 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Financial Innovation and Monetary Policy

Financial Innovation and Monetary Policy

Author: Michael Pawley

Publisher: Routledge

Published: 1993-01-01

Total Pages: 253

ISBN-13: 9780415075039

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Book Synopsis Financial Innovation and Monetary Policy by : Michael Pawley

Download or read book Financial Innovation and Monetary Policy written by Michael Pawley and published by Routledge. This book was released on 1993-01-01 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Financial Innovation and Monetary Policy

Financial Innovation and Monetary Policy

Author: Bank for International Settlements. Monetary and Economic Department

Publisher:

Published: 1984

Total Pages: 310

ISBN-13:

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Book Synopsis Financial Innovation and Monetary Policy by : Bank for International Settlements. Monetary and Economic Department

Download or read book Financial Innovation and Monetary Policy written by Bank for International Settlements. Monetary and Economic Department and published by . This book was released on 1984 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Explaining Monetary and Financial Innovation

Explaining Monetary and Financial Innovation

Author: Peter Bernholz

Publisher: Springer

Published: 2014-06-26

Total Pages: 366

ISBN-13: 3319061097

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This book discusses theories of monetary and financial innovation and applies them to key monetary and financial innovations in history – starting with the use of silver bars in Mesopotamia and ending with the emergence of the Eurodollar market in London. The key monetary innovations are coinage (Asia minor, China, India), the payment of interest on loans, the bill of exchange and deposit banking (Venice, Antwerp, Amsterdam, London). The main financial innovation is the emergence of bond markets (also starting in Venice). Episodes of innovation are contrasted with relatively stagnant environments (the Persian Empire, the Roman Empire, the Spanish Empire). The comparisons suggest that small, open and competing jurisdictions have been more innovative than large empires – as has been suggested by David Hume in 1742.


Book Synopsis Explaining Monetary and Financial Innovation by : Peter Bernholz

Download or read book Explaining Monetary and Financial Innovation written by Peter Bernholz and published by Springer. This book was released on 2014-06-26 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses theories of monetary and financial innovation and applies them to key monetary and financial innovations in history – starting with the use of silver bars in Mesopotamia and ending with the emergence of the Eurodollar market in London. The key monetary innovations are coinage (Asia minor, China, India), the payment of interest on loans, the bill of exchange and deposit banking (Venice, Antwerp, Amsterdam, London). The main financial innovation is the emergence of bond markets (also starting in Venice). Episodes of innovation are contrasted with relatively stagnant environments (the Persian Empire, the Roman Empire, the Spanish Empire). The comparisons suggest that small, open and competing jurisdictions have been more innovative than large empires – as has been suggested by David Hume in 1742.


Technological Change, Financial Innovation, and Diffusion in Banking

Technological Change, Financial Innovation, and Diffusion in Banking

Author: W. Scott Frame

Publisher: DIANE Publishing

Published: 2010-08

Total Pages: 33

ISBN-13: 1437928730

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Discusses the technological change and financial innovation that commercial banking has experienced during the past 25 years. Describes the role of the financial system in economies and how technological change and financial innovation can improve social welfare. Surveys the literature relating to several specific financial innovations, which are new products or services, production processes, or organizational forms. The past quarter century has been a period of substantial change in terms of banking products, services, and production technologies. Moreover, while much effort has been devoted to understanding the characteristics of users and adopters of financial innovations, we still know little about how and why financial innovations are initially developed.


Book Synopsis Technological Change, Financial Innovation, and Diffusion in Banking by : W. Scott Frame

Download or read book Technological Change, Financial Innovation, and Diffusion in Banking written by W. Scott Frame and published by DIANE Publishing. This book was released on 2010-08 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the technological change and financial innovation that commercial banking has experienced during the past 25 years. Describes the role of the financial system in economies and how technological change and financial innovation can improve social welfare. Surveys the literature relating to several specific financial innovations, which are new products or services, production processes, or organizational forms. The past quarter century has been a period of substantial change in terms of banking products, services, and production technologies. Moreover, while much effort has been devoted to understanding the characteristics of users and adopters of financial innovations, we still know little about how and why financial innovations are initially developed.


Financial Innovation, Deregulation and (the Redefinition Of) Monetary Aggregates

Financial Innovation, Deregulation and (the Redefinition Of) Monetary Aggregates

Author: Ross Milbourne

Publisher:

Published: 1986

Total Pages: 50

ISBN-13: 9780858235908

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Book Synopsis Financial Innovation, Deregulation and (the Redefinition Of) Monetary Aggregates by : Ross Milbourne

Download or read book Financial Innovation, Deregulation and (the Redefinition Of) Monetary Aggregates written by Ross Milbourne and published by . This book was released on 1986 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Financial Innovation and Monetary Policy

Financial Innovation and Monetary Policy

Author: Yoshio Suzuki

Publisher:

Published: 1986

Total Pages: 360

ISBN-13:

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Book Synopsis Financial Innovation and Monetary Policy by : Yoshio Suzuki

Download or read book Financial Innovation and Monetary Policy written by Yoshio Suzuki and published by . This book was released on 1986 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Financial Innovation, Efficiency, and Disequilibrium

Financial Innovation, Efficiency, and Disequilibrium

Author: Peter D. Spencer

Publisher: Oxford University Press, USA

Published: 1986

Total Pages: 248

ISBN-13:

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Monetary control has assumed increasing importance in Great Britain as inflationary pressures have intensified and other counter-inflation policies have collapsed. This book is the first complete exposition of the basic Treasury econometric model that was developed for financial cial forecasting and policy analysis. In it, the co-author of the model reviews Britain's experience and analyzes some of the problems that confronted the authorities in their attempts to restrain monetary grown between 1971 and 1981.


Book Synopsis Financial Innovation, Efficiency, and Disequilibrium by : Peter D. Spencer

Download or read book Financial Innovation, Efficiency, and Disequilibrium written by Peter D. Spencer and published by Oxford University Press, USA. This book was released on 1986 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monetary control has assumed increasing importance in Great Britain as inflationary pressures have intensified and other counter-inflation policies have collapsed. This book is the first complete exposition of the basic Treasury econometric model that was developed for financial cial forecasting and policy analysis. In it, the co-author of the model reviews Britain's experience and analyzes some of the problems that confronted the authorities in their attempts to restrain monetary grown between 1971 and 1981.


Financial Innovation in Retail and Corporate Banking

Financial Innovation in Retail and Corporate Banking

Author: Luisa Anderloni

Publisher: Edward Elgar Publishing

Published: 2009-01-01

Total Pages: 353

ISBN-13: 1848447183

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Discusses through a blend of theory and empirical research, the processes of innovation and the diffusion of new financial instruments. This book explores theoretical issues such as the relationship among financial innovation and market structure and the legal protection of financial innovation.


Book Synopsis Financial Innovation in Retail and Corporate Banking by : Luisa Anderloni

Download or read book Financial Innovation in Retail and Corporate Banking written by Luisa Anderloni and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses through a blend of theory and empirical research, the processes of innovation and the diffusion of new financial instruments. This book explores theoretical issues such as the relationship among financial innovation and market structure and the legal protection of financial innovation.