Financial Innovation in Retail and Corporate Banking

Edited by Luisa Anderloni, Professor of Banking and Finance, Department of Economics, Business and Statistics, University of Milan and Researcher, Carefin, Bocconi University, Milan, Italy, David T. Llewellyn, Emeritus Professor of Money and Banking, Loughborough University, UK and Reinhard H. Schmidt, Professor of International Banking and Finance, Department of Finance, Goethe University, Frankfurt am Main, Germany

'. . . the heterogeneous collections of papers ensure that an engaged reader will find something of interest. . . The authors' critical review of innovation from a scientific perspective will undoubtedly serve as a guide to others, and the topics covered in the book will continue to be studied in the future in an attempt to improve the efficiency, accessibility and attractiveness of world financial markets.'

• Contents:PrefacePaolo Mottura1. Financial Innovation and the Economics of Banking and the Financial SystemDavid T. Llewellyn2. Is Financial Innovation Still a Relevant Issue?Luisa Anderloni and Paola Bongini3. Microfinance, Innovations and CommercialisationReinhard H. Schmidt4. Technological Innovation in Banking: The Shift to ATMs and Implicit Pricing of Network Convenience Santiago Carbó Valverde and David B. Humphrey5. Financial Innovation in Internet Banking: A Comparative AnalysisFrancesa Arnabodi and Peter Claeys6. How do Internet Payments Challenge the Retail Payment Industry?David Bounie and Pierre Gazé7. Intellectual Property Rights and Standard Setting in Financial Services: The Case of the Single European Payments AreaRobert M. Hunt, Samuli Simojoki and Tuomus Takalo8. The Regulatory and Market Developments of Covered Bonds in EuropeGiuseppina Chesini and Monica Tamisari9. Credit Derivatives versus Loan Sales: Evidence from the European Banking MarketMascia Bedendo and Brunella Bruno10. On the Required Regulatory Support for Credit Derivative MarketsRym Ayadi and Patrick Behr11. Innovation in Trading Activity: Should Stock Markets be More Transparent?Caterina Lucarelli, Camilla Mazzoli and Merlin RothfeldIndex