Chapter 2. Money
How can financial resources be allocated most effectively to new opportunities? How can the performance of existing activities be measured and evaluated? The objective of money innovations is to deliver on the financial objectives of the firm and its shareholders.
Introduction
Innovation in the world of finance is a highly contentious topic: it is a great source of wealth creation for investment bankers, as they develop ever more complex and obscure derivative products, but it also creates opportunities for risk taking and illegal activity, as the cases of Barings bank, Enron, and others demonstrate.
While innovations in financial ...
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