Financial Innovation and Development of Commercial Banks in Sri Lanka

Posted: 19 Nov 2010

See all articles by R.A Rathnasiri

R.A Rathnasiri

Wuhan University of Technology

Date Written: November 18, 2010

Abstract

The rising importance of the financial sector in modern economies, as well as the rapid rate of innovation in that sector, has generated a research interest in financial innovation. Technological innovations associated with the development of telecommunication and information technology have spurred financial innovation that has altered bank products and services and production processes. This paper describes how technological change has spurred financial innovations and the innovations in the financial sector develop the commercial banking system in Sri Lanka over the past three decades.

Keywords: Commercial Banks, Financial Innovation, Technological Innovation, Competition

JEL Classification: G20, O33

Suggested Citation

Rathnasiri, Ranasinghe Arachchige, Financial Innovation and Development of Commercial Banks in Sri Lanka (November 18, 2010). Available at SSRN: https://ssrn.com/abstract=1711223 or http://dx.doi.org/10.2139/ssrn.1711223

Ranasinghe Arachchige Rathnasiri (Contact Author)

Wuhan University of Technology ( email )

122 Luoshi Road
Wuhan, Hubei 430070
China

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