The Economics of Fintech

This book is a collection of academic lectures given on fintech, a topic that has been written about extensively but only from a business or technological point of view. In contrast to other publications on the subject, this book shows the reader how fintech should be understood in relation to economics, financial theory, policy, and law. It provides introductory explanations on fintech-related concepts and instruments such as blockchains, crypto assets, machine learning, high-frequency trading, and AI. The collected lectures also point to surrounding issues including start-ups, monetary policy, asset management, cyber and other security, and stability of financial systems. The authors include professors, a former central bank official, current officials at Japan's Financial Services Authority, a lawyer, the former dean of the Asian Development Bank Institute, and private sector professionals at the frontline of fintech. The book is most suitable for those both within and outside of academia who are beginning to learn about fintech and wish to successfully take part in the revolution that is certain to have wide-ranging effects on our economy and society.

Shows how fintech should be understood in relation to economics, financial theory, policy, and law Explains fintech-related concepts and issues in plain terms Consists of chapters written by experts in the field

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Contenu
Chapter 1. An Overview of Fintech.- Chapter 2. Macroeconomics and Fintech.- Chapter 3. Crypto Assets (Crypto Currencies) and Central Bank Digital Currencies.- Chapter 4. Consumer behavior and Marketing in Fintech.- Chapter 5. Effects of Fintech on Existing Financial Institutions.- Chapter 6. Start-ups and Fintech.- Chapter 7. Effects of Fintech on International Capital Markets.- Chapter 8. Erosion of Laws arising from Architecture created by Crypto Assets.- Chapter 9. Fintech: A New Era of Finance.- Chapter 10. Blockchains.- Chapter 11. Machine Learning.- Chapter 12. Costs and Benefits of HFT: A Challenge to Information Efficiency.- Chapter 13. Asset Management and Robo Advisors.- Chapter 14. New Risks brought on by Fintech (1) Cyber Security.- Chapter 15. New Risks brought on by Fintech (2) Destabilisation of the Financial System. <p