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在英国毕业论文中提到的研究方法,你不能不知道的五大研究方法

日期:2020年03月08日 编辑:ad200904242025371901 作者:无忧论文网 点击次数:13809
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review was thereafter taken up for discussion and analysis in accordance with chosen themes that were in accordance with the aims and objectives of the study and the formulated research questions. The review entailed the examinationof innovation in the area of finance, the evolution of financial instruments over the years, the advantages, limitations and risks of financial instruments and their role in the contemporary global environment.


The study resulted in the identification and elaboration of numerous facts and information about financial innovation and innovative financial instruments that should be of significant utility to the readers of this research study. The study furthermore revealed that whilst the use of innovative financial instruments has been considered to be one of the main drivers of the banking and financial crisis of 2007-2009, it is more or less established that whilst the gross misuse of financial instruments contributed to the development of systemic risk, this was a one off episode and financial instruments, especially mortgage backed securities help in the transfer and sharing of risk rather than in its aggravation. Innovative financial instruments are however associated with several risks, including market risk, interest rate risk, currency risk, counterparty risk and settlement risk. It is thus important to identify such risks in order to manage and mitigate them.


Millions of people are making use of these instruments for savings, investments, speculation and the management and mitigation of diverse types of financial risks. There is little doubt that innovation in the area of financial instruments will continue in the coming years, driven by the needs and requirements of individuals and institutions for availing of their numerous benefits, especially in areas of speculation, hedging, sharing and transfer of risks.


5.2. Limitations

The outcomes of this research study may be limited to some extent on account of its dependence upon secondary research and the absence of any primary information.


5.3. Recommendations

It is thus suggested that primary information on various aspects of innovative financial instruments should be obtained from selected experts in areas of finance and banking through the holding of semi-structured interviews. The obtaining of such primary information and its comprehensive analysis should add to the outcomes of this research study.


References

Adam, T., &Guettler, A., (2015), “Pitfalls of and Perils of Financial Innovation: The Use of CDS by Corporate Bond Funds”, Available at: https://edoc.hu-berlin.de/bitstream/handle/18452/5222/13.pdf?sequence=1 (accessed September 30, 2018).


Altman, E., Resti, A., &Sironi, A., (2005), “Default recover rates in credit modeling: a review of the literature and empirical evidence”, Journal of Finance Literature, Vol. 1: pp. 21-45.


Anderloni, L., &Bongini, P., (2009), “Is Financial Innovation Still a Relevant Issue?” In: L. Anderloni, D. T. Llewellyn, R. H. Schmidt (ed.), Financial Innovation in Retail and Corporate Banking, Cheltenham: Edward Elgar.


Armstrong, M., Cornut, G., Lenglet, S.D., Millo, M., Muniesa, Y.F., & Pointier, A., (2012), “Towards a practical approach to responsible innovation in finance: New Product Committees revisited”, Journal of Financial Regulation and Compliance, Vol. 20, Iss (2): pp. 147-18.


Arnaboldi, F., &Rossignoli, B., (2015), Financial Innovation in Banking, NY: Palgrave Macmillan.


Arthur, K.N.A., (2017), “Financial innovation and its governance: Cases of two major innovations in the financial sector”, Financial Innovation, Vol. 3, Iss (10): pp. 1-12.


Arthur, K.N.A., (2017a), “The emergence of financial innovation and its governance - a historical literature review”, Journal of Innovation Management, Vol. 5, Iss (4): pp. 48-73.


Asante, K, Owen R., & Williamson, G., (2017b), “Governance of new product development and perceptions of responsible innovation in the financial sector: Insights from an ethnogra