The Crypto Market Ecosystem has emerged as the most profound application of blockchain technology in finance. This textbook adopts an integrated approach, linking traditional functions of the current ...financial system (payments, traded assets, fundraising, regulation) with the respective functions in the crypto market, in order to facilitate the reader in their understanding of how this new ecosystem works.
The book walks the reader through the main features of the blockchain technology, the definitions, classifications, and distinct characteristics of cryptocurrencies and tokens, how these are evaluated, how funds are raised in the cryptocurrency ecosystem (ICOs), and what the main regulatory approaches are. The authors have compiled more than 100 sources from different sub-fields of economics, finance, and regulation to create a coherent textbook that provides the reader with a clear and easily understandable picture of the new world of encrypted finance and its applications.
The book is primarily aimed at business and finance students, who already have an understanding of the basic principles of how the financial system works, but also targets a more general readership, by virtue of its broader scope and engaging and accessible tone.
Presenting a thorough overview and analysis of the security and privacy provisions of Bitcoin and its underlying blockchain clients, this thorough resource offers concrete solutions and ...recommendations on the best practices to use when relying o
Money changes everything Goetzmann, William N
2016., 20170815, 2017, 2016, 2016-04-12, 2017-08-15
eBook
"A magnificent history of money and finance."--New York Times Book Review
"Convincingly makes the case that finance is a change-maker of change-makers."--Financial Times
In the aftermath of recent ...financial crises, it's easy to see finance as a wrecking ball: something that destroys fortunes and jobs, and undermines governments and banks. InMoney Changes Everything, leading financial historian William Goetzmann argues the exact opposite-that the development of finance has made the growth of civilizations possible. Goetzmann explains that finance is a time machine, a technology that allows us to move value forward and backward through time; and that this innovation has changed the very way we think about and plan for the future. He shows how finance was present at key moments in history: driving the invention of writing in ancient Mesopotamia, spurring the classical civilizations of Greece and Rome to become great empires, determining the rise and fall of dynasties in imperial China, and underwriting the trade expeditions that led Europeans to the New World. He also demonstrates how the apparatus we associate with a modern economy-stock markets, lines of credit, complex financial products, and international trade-were repeatedly developed, forgotten, and reinvented over the course of human history.
Exploring the critical role of finance over the millennia, and around the world, Goetzmann details how wondrous financial technologies and institutions-money, bonds, banks, corporations, and more-have helped urban centers to expand and cultures to flourish. And it's not done reshaping our lives, as Goetzmann considers the challenges we face in the future, such as how to use the power of finance to care for an aging and expanding population.
Money Changes Everythingpresents a fascinating look into the way that finance has steered the course of history.
At first glance, the modern history of the global economic system seems to support the long-held view that the leading world power's currency--the British pound, the U.S. dollar, and perhaps someday ...the Chinese yuan--invariably dominates international trade and finance. In How Global Currencies Work, three noted economists provide a reassessment of this history and the theories behind the conventional wisdom. Offering a new history of global finance over the past two centuries, and marshaling extensive new data to test established theories of how global currencies work, Barry Eichengreen, Arnaud Mehl, and Livia Chiţu argue for a new view, in which several national monies can share international currency status, and their importance can change rapidly. They demonstrate how changes in technology and in the structure of international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. They show that multiple international and reserve currencies have in fact coexisted in the pastupending the traditional view of the British pound's dominance prior to 1945 and the U.S. dollar's dominance more recently.Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, from whether the euro and the Chinese yuan might address their respective challenges and perhaps rival the dollar, to how increased currency competition might affect global financial stability.
Posing a major challenge to economic orthodoxy, Imperfect Knowledge Economics asserts that exact models of purposeful human behavior are beyond the reach of economic analysis. Roman Frydman and ...Michael Goldberg argue that the longstanding empirical failures of conventional economic models stem from their futile efforts to make exact predictions about the consequences of rational, self-interested behavior. Such predictions, based on mechanistic models of human behavior, disregard the importance of individual creativity and unforeseeable sociopolitical change. Scientific though these explanations may appear, they usually fail to predict how markets behave. And, the authors contend, recent behavioral models of the market are no less mechanistic than their conventional counterparts: they aim to generate exact predictions of "irrational" human behavior.
Frydman and Goldberg offer a long-overdue response to the shortcomings of conventional economic models. Drawing attention to the inherent limits of economists' knowledge, they introduce a new approach to economic analysis: Imperfect Knowledge Economics (IKE). IKE rejects exact quantitative predictions of individual decisions and market outcomes in favor of mathematical models that generate only qualitative predictions of economic change. Using the foreign exchange market as a testing ground for IKE, this book sheds new light on exchange-rate and risk-premium movements, which have confounded conventional models for decades.
Offering a fresh way to think about markets and representing a potential turning point in economics, Imperfect Knowledge Economics will be essential reading for economists, policymakers, and professional investors.
Euroskepticizam mladih u Hrvatskoj Amanović, Mišela; Solenički, Martina
Elektronički Zbornik Radova Veleučilišta u Šibeniku,
12/2021, Volume:
15, Issue:
3-4
Journal Article
Peer reviewed
Open access
Financijska kriza iz 2009. godine koja je rezultirala
ekonomskom divergencijom zemalja članica europodručja potaknula je rast
euroskepticizma diljem Europske unije. S očekivanim ulaskom Hrvatske u ...europodručje
ponovno se aktualiziralo pitanje troškova i koristi europskih integracija. Glavni
cilj rada je istražiti euroskepticizam mladih u Hrvatskoj. Istraživanje je
provedeno na uzorku od 405 mladih. Analiza je provedena korištenjem logističke
regresije. Zavisna varijabla u modelu je binomna varijabla koja opisuje odgovor
ispitanika na pitanje podržavaju li ili ne euro kao službenu valutu u
Hrvatskoj. Rezultati istraživanja ukazuju na to da su značajne odrednice euroskepticizma
mladih u isključivi nacionalni identitet i ekonomska očekivanja. S jedne
strane, ulazak Hrvatske u europodručje dijelom je u suprotnosti s osjećajem privrženosti
vlastitoj državi u kontekstu isključivog nacionalnog identiteta. Drugim
riječima, mladi koji ne smatraju europski identitet dijelom vlastitog
identiteta priklonit će se euroskepticizmu. Druga značajna odrednica
euroskepticizma mladih su ekonomska očekivanja, odnosno njihova procjena prednosti
i nedostataka pridruživanja europodručju. Drugim riječima, mladi formiraju
mišljenje o euru na individualnim i društvenim ekonomskim troškovima eura kao
službene valute, pa će oni koji očekuju više štete nego koristi, biti skloniji
euroskepticizmu. Rezultati istraživanja doprinose boljem razumijevanju
odrednica euroskepticizma mladih u Hrvatskoj te mogu biti poticaj da se dodatno
otvori medijski i društveni prostor za artikulaciju argumenata o koristima, ali
i troškovima budućeg članstva Hrvatske u Ekonomskoj i monetarnoj uniji.
The 2009 financial crisis, which
resulted in the economic divergence of euro area member states, spurred a rise
in Euroscepticism across the European Union. With the expected entry of Croatia
into the euro area, the issue of costs and benefits of European integration has
become relevant again. The main goal of the paper is to investigate the Euroscepticism
of young people in Croatia. The research is conducted on a sample of 405 young
people. The analysis is performed using logistic regression. The dependent
variable in the model is a binomial variable that describes the respondents'
answer to the question of whether or not they support the euro as the official
currency in Croatia. The results of the research indicate that significant
determinants of youth Euroscepticism are the exclusive national identity and
economic expectations. On the one hand, Croatia's accession to the euro area is
in a certain collision with a sense of commitment to one's own state in the
context of exclusive national identity. In other words, young people who do
not see European identity as part of their own identity will be inclined to Euroscepticism. Another important determinant of young people's Euroscepticism
is economic expectations, ie their assessment of the advantages and
disadvantages of joining the euro area. In other words, young people form an
opinion about the euro on the individual and social-economic costs of the euro
as the official currency, so those who expect more harm than good will be more
prone to Euroscepticism. The results of the research contribute to a better
understanding of the determinants of Euroscepticism among young people in
Croatia and can be an incentive to further open the media and social space for
articulating arguments about the benefits and costs of Croatia's future
membership in the Economic and Monetary Union.
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