Efimenkov V.I., Pechonik O.I.
THE ROLE OF FINANCIAL INNOVATION IN MODERN ECONOMIC DEVELOPMENT ^{[№ 10 (app.1) ' 2005]}
Modern period of development of the world and Russian finance and credit sector can de described as rapid development of finance innovations. In a general way it becomes apparent in creation and spread of new forms and hybrids of credit and finance instruments and operations, in appearance of new kinds of bank accounts and services, in credit and finance sphere of computers, electronic facilities of communication, satellites and different automation.