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Financial Innovation - with a particular view on the role of banks

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The essay examines the rapid evolution of financial markets since the 1970s, highlighting the emergence of innovative financial instruments and techniques. It focuses on financial derivatives such as futures, options, and swaps, as well as the process of securitization, both of which are designed to manage risk and enhance liquidity. The analysis emphasizes the substantial growth of these markets, with estimates suggesting their value exceeds $100 trillion, reflecting the significant impact of these innovations on the financial landscape.

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Financial Innovation - with a particular view on the role of banks, Volker Schmid

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2011
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