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Introduction

In: Banking on Innovation

Author

Listed:
  • Tanai Khiaonarong

    (University of Westminster and Bank of Thailand)

  • Jonathan Liebenau

    (London School of Economics and Political Science)

Abstract

Modern payment systems have transformed both the technology of banking and made possible numerous changes in the strategy and structure of financial services organisations, including central banks. By applying innovation theory to this study of payment systems, we can show how such a broad change, replete with intricacies, could be conceptualised, designed, implemented and disseminated. In this book, we examine the relevant theories of innovation and provide a review of the strategic approaches to establishing efficient payment systems. We set up the story of the diffusion of payment innovations, the building of capabilities in banking, and consider future challenges.

Suggested Citation

  • Tanai Khiaonarong & Jonathan Liebenau, 2009. "Introduction," Contributions to Economics, in: Banking on Innovation, chapter 1, pages 1-5, Springer.
    • Handle: RePEc:spr:conchp:978-3-7908-2333-2_1
    DOI: 10.1007/978-3-7908-2333-2_1
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    Cited by:

    1. Dorian Jullien, 2013. "Asian Disease-type of Framing of Outcomes as an Historical Curiosity," GREDEG Working Papers 2013-47, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.

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