Sentences with phrase «useful financial innovation»

«The bottom line is that, although governments need to put in place efficient regulations that prevent investors getting into difficult situations, the way such regulations are drafted will largely depend on their view of crypto as a useful financial innovation rather than a threat,» the professor added.

Off Target Former Federal Reserve Chairman Paul Volcker has remarked that the only useful financial innovation over the past few decades is the ATM.

Not exact matches

For one thing, it implies that the principles of evolution — competition, innovation, reproduction, and adaptation — are more useful for understanding the inner workings of the financial industry than the physics - like principles of rational economic analysis.