Changing Money Financial Innovation in Developed Countries

The many faceted world of financial innovation is examined in this book. Leading academics, lawyers and bankers examine the changing face of money and credit, and analyze the origins and diffusion of financial innovation with respect to several national contexts. The contributors distinguish between government inspired innovations and market determined ones, attempting to identify both the permissive agents of innovation and the repressive ones. The current state of affairs is described in the US, UK, Germany, Italy, France and Japan, the contributors making educated guesses about future trends in financial innovation.