Financial Innovation in Retail and Corporate Banking (New Horizons in Money and Finance)

This valuable book discusses in detail, through a blend of theory and empirical research, the processes of innovation and the diffusion of new financial instruments. The contributors explore theoretical issues such as the relationship among financial innovation and market structure and the legal protection of financial innovation. They examine various topics on retail banking, from payment services and procedures, consumer credit, loans, online mortgages and credit scoring to profitability of retail banking. This comprehensive book also focuses on innovation in corporate banking, such as credit derivatives and their implications for the relationship between banks and markets in financial systems.