L’innovation et les marchés financiers aux États-Unis depuis les années 1970 : une approche contrastée
It seems particularly relevant to talk about financial innovation in the United States because this country can be considered as a major engine of innovation given the size of the financial markets and the wide variety of financial products available. Financial innovation is analysed through the len...
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| Format: | Article |
| Language: | English |
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Presses universitaires de Rennes
2006-01-01
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| Series: | Revue LISA |
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| Online Access: | https://journals.openedition.org/lisa/2385 |
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| _version_ | 1841558495734792192 |
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| author | Christine Zumello |
| author_facet | Christine Zumello |
| author_sort | Christine Zumello |
| collection | DOAJ |
| description | It seems particularly relevant to talk about financial innovation in the United States because this country can be considered as a major engine of innovation given the size of the financial markets and the wide variety of financial products available. Financial innovation is analysed through the lens of a genetic mutation which turns an existing financial product into a mutant under certain conditions [Merton Miller's 'seed beneath the snow']. The conditions which favour financial innovation as well as the role of regulation are considered in this paper. An insight into the potential negative market spin that can spring from financial innovation is also offered. |
| format | Article |
| id | doaj-art-46d53e1b7dc6409ca9d0a04f65ded79a |
| institution | Kabale University |
| issn | 1762-6153 |
| language | English |
| publishDate | 2006-01-01 |
| publisher | Presses universitaires de Rennes |
| record_format | Article |
| series | Revue LISA |
| spelling | doaj-art-46d53e1b7dc6409ca9d0a04f65ded79a2025-01-06T09:02:27ZengPresses universitaires de RennesRevue LISA1762-61532006-01-01430732610.4000/lisa.2385L’innovation et les marchés financiers aux États-Unis depuis les années 1970 : une approche contrastéeChristine ZumelloIt seems particularly relevant to talk about financial innovation in the United States because this country can be considered as a major engine of innovation given the size of the financial markets and the wide variety of financial products available. Financial innovation is analysed through the lens of a genetic mutation which turns an existing financial product into a mutant under certain conditions [Merton Miller's 'seed beneath the snow']. The conditions which favour financial innovation as well as the role of regulation are considered in this paper. An insight into the potential negative market spin that can spring from financial innovation is also offered.https://journals.openedition.org/lisa/2385financial innovationsecuritizationderivativesjunk bondsregulationmarket |
| spellingShingle | Christine Zumello L’innovation et les marchés financiers aux États-Unis depuis les années 1970 : une approche contrastée Revue LISA financial innovation securitization derivatives junk bonds regulation market |
| title | L’innovation et les marchés financiers aux États-Unis depuis les années 1970 : une approche contrastée |
| title_full | L’innovation et les marchés financiers aux États-Unis depuis les années 1970 : une approche contrastée |
| title_fullStr | L’innovation et les marchés financiers aux États-Unis depuis les années 1970 : une approche contrastée |
| title_full_unstemmed | L’innovation et les marchés financiers aux États-Unis depuis les années 1970 : une approche contrastée |
| title_short | L’innovation et les marchés financiers aux États-Unis depuis les années 1970 : une approche contrastée |
| title_sort | l innovation et les marches financiers aux etats unis depuis les annees 1970 une approche contrastee |
| topic | financial innovation securitization derivatives junk bonds regulation market |
| url | https://journals.openedition.org/lisa/2385 |
| work_keys_str_mv | AT christinezumello linnovationetlesmarchesfinanciersauxetatsunisdepuislesannees1970uneapprochecontrastee |