financial innovation is central to economic growth and prosperity, Discuss custom essay

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Topic of the essay:

It has been suggested that financial innovation is central to economic growth and prosperity and that, consequently, financial system regulators should resist over-regulation that might thwart innovation. On the other hand, certain financial innovations have been blamed for taking us to the brink of disaster in recent times. The global financial crises have required extraordinary measures by governments to avert and continue to impose costs on real economic performance around the globe. Should the potential benefits of financial system innovation defer regulators from imposing restrictions on the activities of financial institutions?

Notes:
There is a 1200 word limit, the word limit does not include the abstract.

essay format:
Abstract
introduction
body
conclusion

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