Title: Financial Innovation, Financial Engineering and Financial Sustainable Development
Abstract: The article focuses on the illustration of the relationship among financial innovation, financial engineering and financial sustainable development. Financial innovation, running through the whole process of the financial development and are driven by the desire to pursue reward and avert risk. Once financial innovation is combined with modern science and technology and finance with industry, financial engineering comes into being. New financial tools and products according to the need of financial and economic development arise, which play and important role in tapping financial resources reasonably and effectively and keeping financial sustainable development. The basic point is that financial engineering is the essential approach to financial sustainable development while financial innovation is the sole of financial sustainable development. Making clear about the relationship among the three is very important to promote the financial industry from a preliminary phase to a high one and to bring its leading role in economic development into full play.
Publication Year: 2000
Publication Date: 2000-01-01
Language: en
Type: article
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