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FINANCIAL INNOVATIONS AND THEIR ROLE IN THE MODERN FINANCIAL SYSTEM-IDENTIFICATION AND SYSTEMAIZATION OF THEM PROBLEM
2016
Organize by SVCET
unpublished
This paper discusses the role that financial innovations play in the modern financial system, aiming at identifying and systematizing the core problems and definitions related to this issue. The paper first describes the importance of the financial system and financial markets in the economy, explaining their functions and presenting their particular characteristics, focusing on their innovativeness. Then, based on the theoreti cal studies, the broad definition of the financial innovations is
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