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- W1510754114 abstract "In the last decades, financial innovation has been in the fore front of all the major changes which have affected the financial system, both at national and international level. Thus, the research of this subject has become a major field of research, its importance growing since the start of the current financial and economic crisis. In this context, the aim of this paper is to underline the impact of financial innovation on the stability and efficiency of the financial system while also taking into account the implications over the systemic stability of an economy. The results of our study highlight the need for a cautionary approach regarding the usage of financial innovations, as new financial instruments used excessively or in an inappropriate meaner, without proper regulations and supervision, can lead to financial instability and the accumulation of major systemic risks." @default.
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- W1510754114 date "2011-01-01" @default.
- W1510754114 modified "2023-09-28" @default.
- W1510754114 title "Financial Innovation and Its Effects on Financial Stability and Efficiency" @default.
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