• Home
  • Issues
  • 2013
  • No 4.2
  • Development of innovative financial products under the conditions of the economic crisis

Development of innovative financial products under the conditions of the economic crisis

TERRA ECONOMICUS, , Vol. 11 (no. 4.2),
p. 82-86

The article deals with the problems of creation and development of innovative financial products, application and implementation of innovative products. Central place in the article devoted to the analysis of the experience of creating and implementing financial innovation on the example of one of the most developed credit systems in the world – the USA. The con-tradictory impact of innovations on the development of the financial sector and the economy is noted.

Keywords: innovative financial product; depository institute; financial innovation; information technologies; bank; credit organization; the lender; creditworthiness; credit card; interest; loan; mortgage; overdraft

  • Ayupov A.А. (2007). The economic nature of the financial engineering as a basis of design and modeling of innovative financial products. Vestn. Samar. state Econ. University, No 10, pp. 15–21. (In Russian.)
  • Damodaran A. (1998). Financial innovations and the choice of capital structure. New York: stern Business school at New York University. (In Russian.)
  • Financial innovation and consumer protection (2009). Speech Fed Chairman Ben S. Bernanke, the U.S. on the 6th conference Fed for local communities, Washington, DC, on April 17. Available at: http://www.federalreserve.gov. (In Russian.)
  • Makeeva Y.N. (2010). The development of innovative financial products during the financial crisis. The Actual problems of economy development of modern entrepreneurship. Collection of reports on results of all-Russian scientific-practical conference, Moscow, 10–19 March. M: Publishing house of the «Creative economy», pp. 99–102. (In Russian.)
  • Statistics of science and innovation. A brief glossary of terms (1996). Under. Ed. L.M. Hochberg – Moscow: Center for Science Research and Statistics. (In Russian.)
Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606