Financial innovation and its implications for monetary policy in South Africa
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Authors
Epstein, Stanley Robert
Issue Date
1996-11
Type
Dissertation
Language
en
Keywords
Financial innovation , Innovation , Circumventive innovation , Competitive innovation , Financial system , Monetary policy , Money , Technology and financial innovation , South African monetary policy , South African financial system , Effects of financial innovation
Alternative Title
Abstract
Financial innovation is a process that is not fully understood because of ~ts nebulous nature
and the difficulties in determining its causes and effects. The pace of financial innovation
has increased rapidly in recent years. With this increased level of new financial instruments
and processes has also come the realisation that financial innovation may well influence the
successful application of monetary policy. Under certain circumstances monetary policy may
hampered or may be rendered ineffective by financial innovation. This dissertation examines
the nature and causes of financial innovation and its implication for the successful application
of monetary policy both internationally and in South Africa.
Description
Citation
Epstein, Stanley Robert (1996) Financial innovation and its implications for monetary policy in South Africa, University of South Africa, Pretoria, <http://hdl.handle.net/10500/16755>