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The Consequences of Financial Innovation: A Counterfactual Research Agenda

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NBER2011-02-01 更新2025-01-04 收录
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Financial innovation has been both praised as the engine of growth of society and castigated for being the source of the weakness of the economy. In this paper, we review the literature on financial innovation and highlight the similarities and differences between financial innovation and other

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2011-02-01
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