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Cited by 423

The DOI matches its Crossref record; 66 of the 66 references it cites were found in a registry or an index.

Empirical Studies of Financial Innovation: Lots of Talk, Little Action?

Frame, W. Scott, White, Lawrence J·2004·Journal of Economic Literature
DOI 10.1257/002205104773558065
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Abstract

This paper reviews the extant empirical studies of financial innovation. Adopting broad criteria and spanning a long time horizon, we found surprisingly few studies (39), with most (23) having been conducted since 1998. Especially striking is that only two studies test hypotheses advanced in many descriptive articles as to the economic/environmental conditions that encourage financial innovation. We offer conjectures as to why empirical studies of financial innovation are comparatively rare, including as a culprit the absence of accessible data. We urge financial regulators to undertake more surveys of financial innovation and to make the resulting data available to researchers.

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Metadata

Authors
Frame, W. S., & White, L. J.
Venue
Journal of Economic Literature
Publisher
American Economic Association
Published
2004-02-01
Volume
42
Issue
1
Pages
116-144
ISSN
0022-0515 (ISSN-L)
DOI
10.1257/002205104773558065
OpenAlex
W3125765819
Cited by
423
References
66
FWCI
19.85
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Empirical Studies of Financial Innovation: Lots of Talk, Little Action? https://app.cochat.ai/papers/10.1257/002205104773558065
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Frame, W. S., & White, L. J. (2004). Empirical Studies of Financial Innovation: Lots of Talk, Little Action? Journal of Economic Literature. https://doi.org/10.1257/002205104773558065

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.