26 Pages Posted: 23 Apr 2004 Last revised: 3 Nov 2014
Date Written: April 1990
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: 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