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oapen-20.500.12657-533752022-03-16T02:56:53Z The Future of Financial Systems in the Digital Age Heckel, Markus Waldenberger, Franz Financial system Digital transformation Digital currencies Cash-less payments Algorithm-based trading Blockchain technologies Open Access bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFF Finance bic Book Industry Communication::K Economics, finance, business & management::KN Industry & industrial studies::KNS Service industries::KNST Financial services industry bic Book Industry Communication::U Computing & information technology::UR Computer security bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCB Macroeconomics This book is open access, which means that you have free and unlimited access. The increasing capacity of digital networks and computing power, together with the resulting connectivity and availability of “big data”, are impacting financial systems worldwide with rapidly advancing deep-learning algorithms and distributed ledger technologies. They transform the structure and performance of financial markets, the service proposition of financial products, the organization of payment systems, the business models of banks, insurance companies and other financial service providers, as well as the design of money supply regimes and central banking. This book, The Future of Financial Systems in the Digital Age: Perspectives from Europe and Japan,brings together leading scholars, policymakers, and regulators from Japan and Europe, all with a profound and long professional background in the field of finance, to analyze the digital transformation of the financial system. The authors analyze the impact of digitalization on the financial system from different perspectives such as transaction costs and with regard to specific topics like the potential of digital and blockchain-based currency systems, the role of algorithmic trading, obstacles in the use of cashless payments, the challenges of regulatory oversight, and the transformation of banking business models. The collection of chapters offers insights from Japanese and European discourses, approaches, and experiences on a topic otherwise dominated by studies about developments in the USA and China. 2022-03-15T07:54:01Z 2022-03-15T07:54:01Z 2022 book ONIX_20220314_9789811678301_71 9789811678301 https://library.oapen.org/handle/20.500.12657/53375 eng Perspectives in Law, Business and Innovation application/pdf n/a 978-981-16-7830-1.pdf https://link.springer.com/978-981-16-7830-1 Springer Nature Springer Singapore 10.1007/978-981-16-7830-1 10.1007/978-981-16-7830-1 6c6992af-b843-4f46-859c-f6e9998e40d5 e5969e30-e750-4a61-a10e-821beaada67a 9789811678301 Springer Singapore 190 Singapore [grantnumber unknown] open access
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This book is open access, which means that you have free and unlimited access. The increasing capacity of digital networks and computing power, together with the resulting connectivity and availability of “big data”, are impacting financial systems worldwide with rapidly advancing deep-learning algorithms and distributed ledger technologies. They transform the structure and performance of financial markets, the service proposition of financial products, the organization of payment systems, the business models of banks, insurance companies and other financial service providers, as well as the design of money supply regimes and central banking. This book, The Future of Financial Systems in the Digital Age: Perspectives from Europe and Japan,brings together leading scholars, policymakers, and regulators from Japan and Europe, all with a profound and long professional background in the field of finance, to analyze the digital transformation of the financial system. The authors analyze the impact of digitalization on the financial system from different perspectives such as transaction costs and with regard to specific topics like the potential of digital and blockchain-based currency systems, the role of algorithmic trading, obstacles in the use of cashless payments, the challenges of regulatory oversight, and the transformation of banking business models. The collection of chapters offers insights from Japanese and European discourses, approaches, and experiences on a topic otherwise dominated by studies about developments in the USA and China.
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