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Fritz Agency
Christian Dittus
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English
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THE END OF BANKING

Jonathan McMillan

Money, Credit, and the Digital Revolution

The End of Banking rose to prominence among financial specialists through a cover-story feature in Wilmott Magazine, a Wiley publication targeted at financial experts. Having been presented at various conferences, talks, and lectures in the US, Europe and Africa, the book has also enthralled the blogosphere and the Fintech industry community. Ryan Weeks from AltFi calls it «a trailblazing book», and Emmanuel Marot, the CEO of Lending Robot notes that «this brilliant book is a must read for anyone interested in the future of finance».

THE END OF BANKING explains why a financial system without banking is both desirable and possible in the digital age. It distinguishes itself from other books about the financial crisis of 2007-08 in several ways. First, it reveals the common techniques that underlie all forms of banking - from medieval goldsmiths to today’s managers at investment banks. Second, it offers a lucid and accessible account of shadow banking. Third, and critically, it presents a new and intuitive idea of how the financial system must adapt to the digital age.

 

Comments

The End of Banking», eine Abhandlung über das Bankenwesen, die Kreditschöpfung und das Geldsystem,

What would a world without banking look like, and is it a vision worth exploring? Jonathan McMillan says yes.

... la complexité des opérations financières induite par l’informatisation a perverti le système bancaire....