Changing Money: Financial Innovation in Developed Countries

Abstract

Preface Contributors 1. Financial Innovations and Monetary Theory Marcello de Cecco (University of Siena and European University Institute) 2. Financial Change in the United States Albert M. Wojnilower (Managing Director and Chief Economist, First Boston Corporation) 3. The Current Status of the Regulation of Financial Services and Products in the United States: Developments and Trends Meyer Eisenberg (National Center on Financial Services and Professor of Law, Berkeley) 4. On the Empirical Detection of Financial Innovation Donald D. Hester (Professor of Economics, University of Wisconsin) 5. Measuring the Opportunity for Product Innovation Meghnad Desai (Professor of Economics, LSE) and William Low (Professor of Economics, LSE and Essex University) 6. Financial Innovation in Britain John H. Forsyth (Director, Morgan Grenfell Ltd) 7. Financial Innovation in Germany Hermann-Josef Dudler (Director, Deutsche-Bundesbank) 8. Financial Innovation in Italy: a Lop-sided Process C. Caranza and C. Cottarelli (Banca d'Italia) 9. Lessons from the French Experience as Compared with some other OECD Countries Christian de Boissieu (Professor of Economics, University of Paris I) 10. Financial Innovation in Japan: its Origins, Diffusions and Impacts Yoshio Suzuki (Director, Institute for Economics and Marketing Studies, Bank of Japan) 11. The Private ECU Market: a Case of International Financial Innovation Enrico Guglielmotto and Giuseppe Passatore (Instituto Bancario San Paolo di Torino)