Financial Innovation: Theories, Models and Regulation

This book is quite informative to the researchers and analysts in the area of finance. It gives a broad idea on genesis, progress and depth of research conducted in financial innovation, theories, models and regulations.

Dr. MSV Prasad,

Head- Dept of Finance, GITAM University, India

The consequences of the global financial crisis still affect the economies of many countries. And to prevent possible crises in the future, new tools and approaches in the implementation of financial transactions and services are needed. All of them can be combined under the topic of financial innovation. That is why the new book by Dr. G. V. Satya Sekhar that is dedicated to financial innovation is relevant.

Although modern financial innovation is underpinned by a rich literature, the new book by Dr. Sekhar good corresponds to the need to provide an integrated study on financial innovation and the economic regulatory mechanism. A key part of financial innovation covered in this book is the process of creating innovative financial securities and derivative pricing that offers new pay-offs to investors. It also covers a selection of empirical studies corroborating financial innovation theories. In addition it exposes myths surrounding performance evaluation models.

This book consists of six chapters. They cover key topics on the application of financial innovation, the theories that underpin financial innovation practice, a usage of technology for financial modeling, the relationship between financial innovation and the wider economic system, the place of financial innovation in the global financial system, and a comparative analysis of India and the United States.

Professor Dr. Anatoliy G. Goncharuk

International Humanitarian University, Ukraine

(Extract from a review appearing on the 'Journal of Applied Management and Investments (JAMI)', Vol 7, Num. 1, Winter 2018)