IMF: financial innovation has spillover effects on public information
An IMF paper published on Tuesday says financial innovation lowers the incentives for private information collection and deteriorates public information.
Existing empirical evidence suggests that financial innovation increases diversification opportunities and reduces investment costs, but does not reduce the relative cost of information. Roberto Piazza, the paper's author, examines how financial innovation affects incentives to collect costly information about the riskiness of production
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- BoE reserves framework drawn into political arena
- How the Czech National Bank brought inflation down from 18% to 2% in two years
- ECB appoints three senior officials to supervisory board