Pregled bibliografske jedinice broj: 1068418
Financial and banking innovations and the global financial crisis
Financial and banking innovations and the global financial crisis // MARKETING- INOVATIVNOST-INVENTIVNOST-KREATIVNOST / Stamenkovski, Aleksa (ur.).
Skopje: Makedonsko združenie za marketing, 2017. str. 84-93 (ostalo, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
Financial and banking innovations and the global
financial crisis
Autori
Fotova Čiković, Katerina ; Fotov, Risto
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
MARKETING- INOVATIVNOST-INVENTIVNOST-KREATIVNOST
/ Stamenkovski, Aleksa - Skopje : Makedonsko združenie za marketing, 2017, 84-93
Skup
FOURTH INTERNATIONAL SCIENTIFIC CONFERENCE (ISCMMA'17)
Mjesto i datum
Skopje, Sjeverna Makedonija, 27.04.2017
Vrsta sudjelovanja
Ostalo
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
financial innovation, banks, banking system
Sažetak
This paper gives an overview of the existing (yet insufficient) theories and facts regarding financial and banking innovation and how they triggered the Global financial crisis. Even though creativity and innovation are most appreciated elsewhere in business sectors, they seem to be an association to the Global financial crisis in the financial and banking sector. Financial innovation is not a new phenomenon. Ever since 1960s, the participants in the financial markets have been facing drastic changes in the economic environment and constant changes of the market conditions. Due to this fact, they were stimulated to develop new innovative products and services, in order for them to survive. However, as banks today face many challenges (rising customer expectations, international competition on the local markets, IT modernization, rapidly changing technology and customer environment etc.), they are discovering the need to digitalize and modernize banking, as well as innovate. Thus, it is logical that financial and banking innovations show drastic growth in recent years, since they represent an answer to all the changes in the environment that banks face. Even though they are often presented as main triggers to the Global crisis, still, they remain a very important key ingredient for a healthy and developing financial system.
Izvorni jezik
Ostalo
Znanstvena područja
Ekonomija
Napomena
Makedonski jezik
