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E-grāmata: Palgrave Handbook of Technological Finance

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  • Formāts: PDF+DRM
  • Izdošanas datums: 09-Sep-2021
  • Izdevniecība: Springer Nature Switzerland AG
  • Valoda: eng
  • ISBN-13: 9783030651176
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  • Formāts: PDF+DRM
  • Izdošanas datums: 09-Sep-2021
  • Izdevniecība: Springer Nature Switzerland AG
  • Valoda: eng
  • ISBN-13: 9783030651176
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This handbook provides the first comprehensive overview of the fast-evolving alternative finance space and makes a timely and in-depth contribution to the literature in this area. Bringing together expert contributions in the field from both practitioners and academics, in one of the most dynamic parts of the financial sector, it provides a solid reference for this exciting discipline. 









Divided into six parts, Section 1 presents a high-level overview of the technologically-enabled finance space. It also offers a historical perspective on technological finance models and outlines different business models. Section 2 analyses digital currencies including guides to bitcoins, other cryptocurrencies, and blockchains. Section 3 addresses alternative payment systems such as digital money and asset tokenization. Section 4 deals with crowdfunding models from both a theoretical perspective and from a regulatory perspective. Section 5 discusses data-driven business models and includes a discussion of neural networks and deep learning. Finally, Section 6 discusses welfare implications of the technological finance revolution.









This collection highlights the most current developments to date and the state-of-the-art in alternative finance, while also indicating areas of further potential. Acting as a roadmap for future research in this innovative and promising area of finance, this handbook is a solid reference work for academics and students whilst also appealing to industry practitioners, businesses and policy-makers.
Introduction: An Overview of Technologically Enabled Finance 3(30)
David C. Brown
Mingfeng Lin
Innovations in Alternative Finance in Historical Perspective
33(28)
David Chambers
Rasheed Saleuddin
Craig McMahon
Digital Currencies
A Layman's Guide to Bitcoin and Blockchain
61(18)
Bhagwan Chowdhry
Seoyoung Kim
An Introduction to Cryptocurrencies
79(16)
Jeongmin Lee
Christine A. Parlour
Uday Rajan
The Role of Utopia in the Workings of Local and Cryptocurrencies
95(44)
Diane-Laure Arjalies
Digital Currencies and Central Banks
139(22)
Gina Pieters
Cryptocurrencies: Regulatory Perspectives and Implications for Investors
161(28)
Julapa Jagtiani
Michael Papaioannou
George Tsetsekos
Erik Dolson
Dan Milo
Payments and Trading
Fintech Revolutionizing Financial Services: The Case of Virtual Savings and Credit Supply Technological Platforms in Africa
189(28)
Njuguna Ndung'u
Alex Oguso
What Does Digital Money Mean for Emerging Market and Developing Economies?
217(26)
Erik Feyen
Jon Frost
Harish Natarajan
Tara Rice
Blockchain and Other Distributed Ledger Technologies in Finance
243(26)
Gilles Hilary
Laura Xiaolei Liu
Consensus Mechanisms for the Blockchain
269(18)
Joshua S. Gans
Neil Gandal
Multi-Stakeholder Governance in the Era of Decentralized Finance
287(24)
Shin'ichiro Matsuo
Ryosuke Ushida
Law and Blockchains
311(26)
Stephen McKeon
Derek Edward Schloss
Blockchain Trading and Exchange
337(32)
Hugo Benedetti
Stephen McKeon
Cameron Pfiffer
Initial Coin Offerings: Current Research and Future Directions
369(28)
Jiasun Li
William Mann
Crowdfunding
How Wise are Crowds on Crowdfunding Platforms?
397(10)
Gilles Chemla
Katrin Tinn
Asymmetric Information at the Platform Level: The Case of Peer-To-Peer Lending
407(18)
Puriya Abbassi
Raj Lyer
Equity Crowdfunding and Capital Formation for Early-Stage Firms
425(16)
Armin Schwienbacher
Growing Pains: The Changing Regulation of Alternative Lending Platforms
441(36)
Ding Chen
Anil Savio Kavuri
Alistair Milne
Regulating Equity Crowdfunding: Lessons from International Practice
477(34)
Emmanuel Schizas
Thomas Kenneth Bennett
Waleed Samarah
Data-Driven Business Models
The Use of Psychometrics and Artificial Intelligence in Alternative Finance
511(78)
Peter Romero
Stephen Fitz
Neural Networks and Deep Learning: A Paradigm Shift in Information Processing, Machine Learning, and Artificial Intelligence
589(66)
Stephen Fitz
Peter Romero
Use of Big Data in Developing Markets
655(14)
Yi Huang
Wenlan Qian
Use of Big Data in Insurance
669(32)
Melanie R. N. King
Paul D. Timms
Tzameret H. Rubin
Technology and Working Capital Finance
701(24)
Anil Savio Kavuri
Alistair Milne
Robo-Ad vising
725(26)
Francesco D. Acunto
Alberto G. Rossi
Implementation of Open Banking Protocols Around the World
751(32)
Tania Ziegler
Welfare Implications
Technological Innovation and Discrimination in Household Finance
783(26)
Adair Morse
Karen Pence
Trust Building and Credit Reporting with Big Data in the Digital Age
809(28)
Wensheng Peng
Feng Zhu
Digital Identity in India
837(18)
Bhagwan Chowdhry
Amit Goyal
Syed Anas Ahmed
Big Techs in Finance: On the New Nexus Between Data Privacy and Competition
855(22)
Frederic Boissay
Torsten Ehlers
Leonardo Gambacorta
Hyun Song Shin
Index 877
Raghavendra Rau is the Sir Evelyn de Rothschild Professor of Finance at the Cambridge Judge Business School, University of Cambridge, UK, and a co-founder and director of the Cambridge Centre for Alternative Finance (CCAF), a research group studying new instruments and channels of finance emerging outside of the regulated banking system. He has taught at a number of universities around the world, including Université Paris Dauphine, University of Luxembourg, Sciences PO, Indian School of Business, Purdue University, University of California at Los Angeles, and most recently, the University of California at Berkeley. Raghavendra was previously Principal at Barclays Global Investors in San Francisco from 2008-2009. He is a former President of the European Finance Association, and a former editor of Financial Management.





Robert Wardrop is a Professor in Management Practice at the University of Cambridge Judge Business School, UK, and the director of the Cambridge Centre of Alternative Finance. He is an economic sociologist interested in the development of channels and instruments of finance emerging outside of the incumbent financial system and the impact of these developments on market practices and regulatory change. He is the Academic Programme Director of the CCAFs Cambridge Fintech and Regulatory Innovation online programme which has enrolled financial services regulators in more than 100 countries.





Luigi Zingales is the McCormack Distinguished Service Professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business, USA and director of the Stigler Center. In 2014 he was President of the American Finance Association. His research interests span from corporate governance to financial development, from political economy to the economic effects of culture. According to SSRN, he is the tenth most-cited author in the social sciences. His research on capitalism is summarized in two widely acclaimed books: Saving Capitalism from the Capitalists (2003, with Raghu Rajan) and A Capitalism for the People (2012). Zingales also co-hosts the podcast Capitalisnt.