Typology of financial innovations

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--- Perez, C. Technological Revolutions and Financial Capital. 2002.


We are mostly in type C now, both for consumers and businesses. Indexing would be type D. In the US, the last one of type A was back in the early 1970s. Arguably, China created a type A/B event in the late 1990s - export stimulating large-scale government incentives.