DeFi and the Future of Finance

ISBN: 9781119836018
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RM98.78
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Publisher,John Wiley & Sons
Publication Date,
Format, Hardcover
Weight, 424 g
No. of Pages,

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Shelf: Non-Fiction Books / Business Finance & Accounting / Investments

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Govern­ments bailed out the very institutions that let the economy down. This episode spurred a serious rethink of our financial system. Does it make any sense that it takes two days to settle a stock transaction? Why do retailers, operating on razor thin margins, have to pay 3% for every customer credit card swipe? Why does it take two days to transfer money from a bank account to a brokerage--or any other company? Why are savings rates miniscule or negative? Why is it so difficult for entrepreneurs to get financ­ing at traditional banks?

In DeFi and the Future of Finance, Campbell R. Harvey, Ashwin Ramachandran and Joey Santoro, introduce the new world of Decen­tralized Finance. The book argues that the current financial landscape is ripe for dis­ruption and we are seeing, in real time, the reinvention of finance.

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