Financial Innovation and Current Trends in U.S. Financial Markets

26 Pages Posted: 23 Apr 2004 Last revised: 3 Nov 2014

Frederic S. Mishkin

Columbia Business School - Finance and Economics; National Bureau of Economic Research (NBER)

Date Written: April 1990

Abstract

This paper discusses recent developments in U.S. financial markets and provides an economic analysis of why various recent financial innovations have occurred. This will not only provide us with s better understanding of existing financial markets in the United States and why they have been undergoing so much change in recent years, but it also may provide us with clues as to where our financial system may be heading.

Suggested Citation

Mishkin, Frederic S., Financial Innovation and Current Trends in U.S. Financial Markets (April 1990). NBER Working Paper No. w3323. Available at SSRN: https://ssrn.com/abstract=305592

Frederic S. Mishkin (Contact Author)

Columbia Business School - Finance and Economics ( email )

3022 Broadway
New York, NY 10027
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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