000			03581cam a22004338i 4500
001			22174629
003			JO-AjAnu
005			20231127115540.0
008			210807s2021 nju 001 0 eng
010			_a 2021030579
020			_a9781119836018 _q(cloth)
020			_z9781119836032 _q(adobe pdf)
020			_z9781119836025 _q(epub)
040			_aLBSOR/DLC _beng _erda _cDLC _dANU
042			_apcc
050	0	0	_aHG173 _b.H37 2021
082	0	0	_a332 _223
100	1		_aHarvey, Campbell R., _eauthor.
245	1	0	_aDeFi and the future of finance / _cCampbell R. Harvey, Ashwin Ramachandran, Joey Santoro.
263			_a2109
264		1	_aHoboken, New Jersey : _bWiley, _c[2021]
300			_apages cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
500			_aIncludes index.
505	0		_aThe origins of modern decentralized finance -- DeFi infrastructure -- DeFi primitives -- Problems DeFi solves -- DeFi deep dive -- Risks -- Conclusions: Losers and winners.
520			_a"During the Global Financial Crisis in 2008, our financial infrastructure failed. 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. The authors provide the reader with a clear assessment of the problems with the current financial system and how DeFi solves many of these problems. The essence of DeFi is that we interact with peers--there is no brick and mortar and all of the associated costs. Savings and lending are reinvented. Trading takes place with algorithms far removed from traditional brokerages. The book conducts a deep dive on some of the most innovative protocols such as Uniswap and Compound. Many of the companies featured in the book you might not have heard of--however, you will in the future. As with any new technology, there are a myriad of risks and the authors carefully catalogue these risks and assess which ones can be successfully mitigated. Ideally suited for people working in any part of the finance industry as well as financial policy makers, DeFi and the Future of Finance gives readers a vision of the future. The world of finance will fundamentally be changed over the coming decade. The book enables you to become part of the disruption-- not the target of the disruption"-- _cProvided by publisher.
650		0	_aFinance.
650		0	_aBanks and banking, Central.
650		0	_aFinancial institutions.
650		0	_aFinancial services industry.
700	1		_aRamachandran, Ashwin, _eauthor.
700	1		_aSantoro, Joey, _eauthor.
776	0	8	_iOnline version: _aHarvey, Campbell R. _tDeFi and the future of finance _dHoboken, New Jersey : Wiley, [2021] _z9781119836032 _w(DLC) 2021030580
906			_a7 _bcbc _corignew _d1 _eecip _f20 _gy-gencatlg
942			_2lcc _cBK _n0
999			_c33160 _d33160