Digitalization of Finance: Explores how the shift toward electronic transactions and digital currencies has changed the nature of money and financial transactions.
Financial Vulnerabilities: Discusses the vulnerabilities and risks inherent in electronic financial systems, including potential cybersecurity threats, market manipulations, and systemic failures.
Global Monetary Policy: Analyzes the impact of electronic markets on central bank policies, monetary systems, and the potential challenges faced by policymakers in managing economies.
Currency Wars: Explores the concept of currency wars and the implications of digital currencies on international trade, monetary sovereignty, and global economic stability.
Role of Technology: Discusses the role of technology, algorithms, high-frequency trading, and electronic platforms in shaping modern financial markets.
Market Volatility: Examines the increased volatility and interconnectedness of global financial markets in the electronic era.
Future of Money: Explores potential scenarios for the future of money, including the rise of cryptocurrencies, digital payment systems, and their implications for traditional currencies.
Systemic Risks: Addresses concerns about the potential systemic risks posed by the rapid digitization and electronic transformation of financial systems.
Regulatory Challenges: Discusses the challenges faced by regulators in adapting to the electronic economy and implementing effective regulations to safeguard financial stability.
Investor Insights: Offers insights and recommendations for investors navigating the complexities of the electronic financial landscape.
Language | English |
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ISBN-10 | 0316507377 |
ISBN-13 | 9780316507370 |
No of pages | 256 |
Font Size | Medium |
Book Publisher | Little Brown & Co |
Published Date | 01 Apr 1994 |
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Money - in the traditional sense - no longer exists. It died to decades ago when Richard Nixon forever abolished the gold standard. Since then, money as we once knew it has been replaced by an unstable new global medium of exchange that Joel Kurtzam calls "megabyte money".
This strange new world is far more volatile and chaotic than anything that has preceded it; it involves not goods, services, or raw materials, but speculation, "weitless dollars," and transactions made purely for finacial gain.