Skip to main content

Table 1 Financial innovation development theories

From: Can we have a general theory of financial innovation processes? A conceptual review

Evolutionary Life Cycle Theory
• Optimization • Natural Laws
• Combinatorial Evolution • Immanence
• Natural Selection • Logical Necessity
• Self-Organization Institutional Theory
Economic Theory • Regulation
• Demand side • Financial Architecture
• Supply side • Innovating Institutions
  • Behavioral approach