Resumen

SANCHEZ, Manuel. La innovación financiera y la crisis mundial. El trimestre econ [online]. 2010, vol.77, n.307, pp.758-769. ISSN 2448-718X.

This essay focuses on the nature and prospects of financial innovation in light of the recent global economic crisis. My central point is that although financial innovation has lately fallen out of favor because some of its products acted as vehicles in the credit boom that led to the crisis, criticism should be taken with caution. Innovation has been with us for a long time, and its overall contribution to finance and welfare has been positive. Provided that we strengthen prudential regulation to discourage excessive risk taking in the future, innovation can continue to benefit our societies.

Palabras llave : innovación financiera; crisis financiera.

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