Çankaya, Serkan2020-11-212020-11-212014978331901125733190112439783319011240https://doi.org/10.1007/978-3-319-01125-7_12https://hdl.handle.net/11467/4207This chapter gives an overview of how financial innovation has been one of the most influential factors in shaping today's financial system and the world economy. It starts with a brief review of the financial innovation literature and addresses the determinants of financial innovation. The next section examines the current debate regarding financial innovation and concludes with a discussion for the future of these new financial products and processes. © 2014 Springer International Publishing Switzerland. All rights reserved.eninfo:eu-repo/semantics/closedAccessFinancial innovationFinancial marketsGlobalizationRegulationTechnologyBook Chapter9.78E+12165174N/A2-s2.0-8493024816710.1007/978-3-319-01125-7_12