Abstract
The thesis analyzes the role of transform risks caused by innovation tools, the extent to which financial innovation tools have an influence on risks of financial system, the extent to which financial innovation has an influence on financial statement and macro monetary policy, the extent to which financial innovation exerts influences on classification of monetary, government’s requirement for monetary, the degree to which financial innovation exerts an influence on control of money supply. This thesis studies the alternative and significance of monetary aggregates, a new perspective of financial innovation and general money supply. Financial innovation can enhance the efficiency of the whole financial market and proactively promote economic development. Financial innovation is charactered by anteriority and financing, also can erase inflation.
Highlights
The thesis analyzes the role of transform risks caused by innovation tools, the extent to which financial innovation tools have an influence on risks of financial system, the extent to which financial innovation has an influence on financial statement and macro monetary policy, the extent to which financial innovation exerts influences on classification of monetary, government’s requirement for monetary, the degree to which financial innovation exerts an influence on control of money supply
Financial innovation can enhance the efficiency of the whole financial market and proactively promote economic development
The appearance of financial innovation follows the development of commodity economy, including emergency of monetary, growing up of commercial banks and the wide use of bill of exchange, which are defined as main achievement of financial innovation in the history of finance
Summary
The appearance of financial innovation follows the development of commodity economy, including emergency of monetary, growing up of commercial banks and the wide use of bill of exchange, which are defined as main achievement of financial innovation in the history of finance. [1] “With the growing development of financial invention, the tide, so far, remains unfolding. Financial invention has greatly given impetus to social progress and promoted several leaps, so it receives welcome from micro -units and managers.[2]As we all know, technology has greatly enhanced welfare of humans, in the same way, financial invention plays an critical role in human’s living standards and economic development.financial invention reflects decrease which can stimulate financial invention in trade cost caused by technology advance.financial invention makes financial tools shift risks to stabilize monetary markets. This thesis analyses the influence financial invention and deregulation exert on monetary policy and domestic macro-economy, [3] in addition, monetary policy greatly promotes domestic macro-economy
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