Abstract

Contents:PrefacePaolo Mottura1. Financial Innovation and the Economics of Banking and the Financial SystemDavid T. Llewellyn2. Is Financial Innovation Still a Relevant Issue?Luisa Anderloni and Paola Bongini3. Microfinance, Innovations and CommercialisationReinhard H. Schmidt4. Technological Innovation in Banking: The Shift to ATMs and Implicit Pricing of Network Convenience Santiago Carbo Valverde and David B. Humphrey5. Financial Innovation in Internet Banking: A Comparative AnalysisFrancesa Arnabodi and Peter Claeys6. How do Internet Payments Challenge the Retail Payment IndustryDavid Bounie and Pierre Gaze7. Intellectual Property Rights and Standard Setting in Financial Services: The Case of the Single European Payments AreaRobert M. Hunt and Samuli Simojoki and Tuomus Takalo8. The Regulatory and Market Developments of Covered Bonds in EuropeGiuseppina Chesini and Monica Tamisari9. Credit Derivatives Vs Loan Sales: Evidence from the European Banking MarketMascia Bedendo and Brunella Bruno10. On the Required Regulatory Support for Credit Derivative MarketsRym Ayadi and Patrick Behr11. Innovation in Trading Activity: Should Stock Markets be More Transparent?Caterina Lucarelli, Camilla Mazzoli and Merlin Rothfeld

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