Financial Innovation: Theories, Models and Regulation Contributor(s): Sekhar, G. V. Satya (Author) |
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ISBN: 1622734777 ISBN-13: 9781622734771 Publisher: Vernon Press OUR PRICE: $54.15 Product Type: Paperback - Other Formats Published: October 2018 |
Additional Information |
BISAC Categories: - Business & Economics | Finance - General |
Series: Vernon Series in Business and Finance |
Physical Information: 0.33" H x 6" W x 9" (0.47 lbs) 154 pages |
Descriptions, Reviews, Etc. |
Publisher Description: Financial innovation is regular feature of the global financial system. Financial innovation results in greater economic efficiency over time. In the process of creating a new financial product, besides basic theory of financial management, a financial engineer needs to acquire knowledge of optimization and financial modeling techniques. Modern financial innovation is underpinned by a rich literature including the seminal studies by Levich (1985), Smith, Smithson, and Wilford (1990), Verghese (1990), Merton (1992), Levine (1997), John D Finnerty (2002), Tufano (2003) and Draghi (2008), among many others. This book corresponds to the need to provide an integrated study on financial innovation and the economic regulatory mechanism. A key part of financial innovation covered in the book is the process of creating innovative financial securities and derivative pricing that offers new pay-offs to investors. The book also covers a selection of empirical studies corroborating financial innovation theories. It also exposes myths surrounding performance evaluation models. |
Contributor Bio(s): Sekhar, G. V. Satya: - Dr. G. V. Satya Sekhar (M.Com, MBA, M.Phil, Ph.D, Associate Professor, Centre for Distance Learning, GITAM University, Visakhapatnam, India) has 20 years of teaching and research experience. He has published 35 articles in various national and international journals as well as seven books: 1. Management Information Systems, 2. Managerial Economics 3. Business Policy and Strategic Management, 4. Performance Appraisal of Indian Mutual Funds, 5. Strategic Financial Management, 6. The Indian Mutual Fund Industry and 7. The Management of Mutual Funds. |