000			03098nam a22003617a 4500
003			IIITD
005			20250723152129.0
008			250709b |||||||| |||| 00| 0 eng d
020			_a9781119836018
040			_aIIITD
082			_a332 _bHAR-D
100			_aHarvey, Campbell R.
245			_aDeFi and the future of finance _cby Campbell R. Harvey, Ashwin Ramachandran and Joey Santoro
260			_aNew Jersey : _bWiley, _c©2021
300			_axiii, 193 p. : _bill. ; _c22 cm.
504			_aIncludes bibliographical references and index.
505			_t1. Introduction
505			_t2. The Origins of Modern Decentralized Finance
505			_t3. DeFi Infrastructure
505			_t4. DeFi Primitives
505			_t5. Problems DeFi Solves
505			_t6. DeFi Deep Dive
505			_t7. Risks
505			_t8. Conclusions: Losers and Winners
520			_aDuring 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-- Provided by publisher.
650			_aFinance
650			_aBusiness & Economics
650			_aBanks & Banking
650			_a Cryptography
700			_aRamachandran, Ashwin
700			_aSantoro, Joey
942			_cBK _2ddc
999			_c208658 _d208658