In general we know that the financial innovation largely increase the economic efficiency. But the case of France tell us that it can create the several economic problems and the inefficiency. Of them, those important problems are the structural mutat...
In general we know that the financial innovation largely increase the economic efficiency. But the case of France tell us that it can create the several economic problems and the inefficiency. Of them, those important problems are the structural mutation of the household savings increasing the speculative assets and the deviation from the rate of the optimal economic growth. So, we ought to carry out carefully the Korean financial reform considering these problems.