Knowledge, Technology Adoption and Financial Innovation

Preprint OPEN
Ana Fernandes;
(2005)
  • Subject: Technology adoption; financial innovation; learning | Technology adoption, financial innovation, learning.
    • jel: jel:G20 | jel:N20 | jel:O30

Why are new financial instruments created? This paper proposes the view that financial development arises as a response to the contractual needs of emerging technologies. Exogenous technological progress generates a demand for new financial instruments in order to share... View more
  • References (13)
    13 references, page 1 of 2

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