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The Political Economy of Financial Innovation:Evidence from Local Governments
Financial Innovation Political Elections Financing and Loans Innovation and Invention
2015/4/29
We examine the toxic loans sold by investment banks to local governments. Using proprietary data, we show that politicians strategically use these products to increase chances of being re-elected. Con...
2014年12月19日下午，2014年《Financial Innovation（金融创新）》英文期刊编委会工作会议举行。我校校长、《Financial Innovation》主编张宗益，施普林格（Springer）亚洲有限公司代表以及来自中国科学院科技政策与管理科学研究所、美国德州理工大学、上海交通大学等国内外知名高校和研究机构的十余位编委参加了研讨会。
Technological Change, Financial Innovation, and Diffusion in Banking
banking financial innovation technological change
2011/9/26
This paper discusses the technological change and financial innovation that commercial banking has experienced during the past twenty-five years. The paper first describes the role of the financial sy...