Financial Services in the Twenty-First Century: The Present System and Future Developments in Fintech and Financial Innovation

ISBN-13: 9783030639662 / Angielski / Miękka / 2021 / 220 str.

John Ja Burke

Recenzje

"There's a lot to keep the reader's mind engaged throughout the read. This book is recommended to financial enthusiasts. Students majoring in finance-related studies may find it quite helpful because the author structures the book in an academic-friendly way. ... I rate it four out of four stars." (Sam Ibeh, forums.onlinebookclub.org, September 22, 2021)

"The chapters are appropriately (and impressively) synoptic, each ending with a helpfully concise conclusion and an assemblage of discussion questions for students. ... Burke manages not only to provide remarkably accessible treatments of complex subjects, but also furnishes useful illustrative tools like graphs and charts as well as a bibliography pointing the way to further study. The book is admirably comprehensive ... . A rigorous, thorough work that should help finance students prepare for major changes." (Kirkus, kirkusreviews.com, July 6, 2021)

Spis treści

Chapter 1: Introduction

Chapter 2: Essential History and Fundamental Purposes

Chapter 3: The Financial System

Chapter 4: Capital in the Twenty-First Century

Chapter 5: The Conventional Narrative: Deconstructed

Chapter 6: Commercial Banks Create Money Out of Nothing

Chapter 7: Money

Chapter 8: The Genesis Files

Chapter 9: Cryptography

Chapter 10: FinTech

Chapter 11: Distributed Ledger Technology

Chapter 12: Artificial Intelligence

Chapter 13. BRICS

Chapter 14: Modern Monetary Policy

Chapter 15: Impact of FinTech: A Prediction

Chapter 16. Conclusion

O autorze

John JA Burke is a Professor in the Business School at RISEBA University, Latvia, and of counsel to Sayat Zholshy & Partners, Kazakhstan. Professor Burke started his career in the United States as an Appellate Attorney, arguing and appearing before the United States Supreme Court, the Appellate and District Courts of the Third Circuit, and NJ State Courts at all levels. He then served as Assistant Executive Director of the NJ Law Revision Commission [NJLRC] where he drafted Reports and Recommendations to the NJ Legislature for 25 years, while simultaneously consulting for LEXIS/NEXIS from 1998-2012. Professor Burke served as Advisor to the Ministry of Finance in Estonia to establish a securities market and depository from 1993-1995; was appointed Professor of Law at the Riga Graduate School of Law, Latvia, and then Rector from 2002-2007; he also served as Rector and Professor of Law at International University Audentes, Estonia, in 2007. He held the position of Professor of Law and Chair of the Law Department at KIMEP University, Kazakhstan from 2008-2014. He holds a PhD in International Law from the Université de Fribourg, Switzerland; a J.D. from the University of Seton Hall, School of Law, USA; and a B.A. from Columbia College, USA.   

Blurb

This textbook covers financial systems and services, particularly focusing on the present system and future developments. Broken into four parts, it briefly covers the history of financial markets to present day, discusses the future of financial markets, and ends with an overview of the law and regulatory components of this progressive system. The book incorporates extremely recent advances such as FinTech, blockchain, and artificial intelligence as applied to financial institutions and markets, and discusses trends likely to reshape the global financial system in the 21st century, including the rise of emerging countries (BRICS), the shift of economic power from the United States to Asia, and the likely new world financial order. It also explores these themes while discussing central banks and monetary policy, interest rates, inflation/deflation, financial markets and instruments, exchange rates, and FOREX. Lastly, it discusses the legal and regulatory framework of these advancements. Combining rigorous detail alongside exercises and PowerPoint slides for each chapter, this textbook helps finance students understand the wide breadth of financial systems and speculates the forthcoming developments in the industry.