Financial innovation in retail and corporate banking This valuable book discusses in detail through a blend of theory and empirical research the processes of innovation and the diffusion of new financial instruments 1. Financial innovation and the economics of banking and the financial system David T. Llewellyn 2. Is financial innovation still a relevant issue Luisa Anderloni and Paola Bongini 3. Microfinance innovations and commercialisation Reinhard H. Schmidt 4. Technological innovation in banking : the shift to ATMS and implicit pricing of network convenience Santiago Carbó Valverde and David B. Humphrey 5. Financial innovation in internet banking : a comparative analysis Francesa Arnabodi and Peter Claeys 6. How do internet payments challenge the retail payment industry David Bounie and Pierre Gazé 7. Intellectual property rights and standard setting in financial services : the case of the single European payments area Robert M. Hunt Samuli Simojoki and Tuomus Takalo 8. The regulatory and market developments of covered bonds in Europe Giuseppina Chesini and Monica Tamisari 9. Credit derivatives versus loan sales : evidence from the European banking market Mascia Bedendo and Brunella Bruno 10. On the required regulatory support for credit derivative markets Rym Ayadi and Patrick Behr 11. Innovation in trading activity : should stock markets be more transparent Caterina Lucarelli Camilla Mazzoli and Merlin Rothfeld