MARC details
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| fixed length control field |
03721nam a22002537a 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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20230208115532.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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230208b ||||| |||| 00| 0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| International Standard Book Number |
9781119836018 |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER |
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| Classification number |
332 |
| Item number |
HAR |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Harvey, Campbell R. |
| 245 ## - TITLE STATEMENT |
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| Title |
DeFi and the future of finance |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Name of publisher, distributor, etc. |
John Wiley & Sons, Inc. |
| Place of publication, distribution, etc. |
New Jersey |
| Date of publication, distribution, etc. |
2021 |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
xiii, 193 p. |
| 365 ## - TRADE PRICE |
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| Price type code |
USD |
| Price amount |
26.95 |
| 504 ## - BIBLIOGRAPHY, ETC. NOTE |
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| Bibliography, etc. note |
TABLE OF CONTENTS<br/>1 Introduction 4<br/><br/>Five Key Problems of Centralized Financial Systems<br/><br/>Implications<br/><br/>2 The Origins of Modern Decentralized Finance 6<br/><br/>A Brief History of Finance 6<br/><br/>Fintech 6<br/><br/>Bitcoin and Cryptocurrency 7<br/><br/>Ethereum and DeFi 9<br/><br/>3 DeFi Infrastructure 9<br/><br/>Blockchain 10<br/><br/>Cryptocurrency 10<br/><br/>The Smart Contract Platform 11<br/><br/>Oracles 12<br/><br/>Stablecoins 13<br/><br/>Decentralized Applications 14<br/><br/>4 DeFi Primitives 14<br/><br/>Transactions 15<br/><br/>Fungible Tokens 16<br/><br/>Nonfungible Tokens 19<br/><br/>Custody 20<br/><br/>Supply Adjustment 20<br/><br/>Incentives 22<br/><br/>Swap 25<br/><br/>Collateralized Loans 27<br/><br/>Flash (Uncollateralized) Loans) 28<br/><br/>5 Problems DeFi Solves 28<br/><br/>Inefficiency 29<br/><br/>Limited Access 30<br/><br/>Opacity 31<br/><br/>Centralized Control 32<br/><br/>Lack of Inoperability<br/><br/>6 DeFi Deep Dive 34<br/><br/>Credit/Lending 34<br/><br/>Decentralized Exchange 49<br/><br/>Derivatives 55<br/><br/>Tokenization 65<br/><br/>7 Risks 68<br/><br/>Smart Contract Risk 68<br/><br/>Governance Risk 70<br/><br/>Oracle Risk 71<br/><br/>Scaling Risk 72<br/><br/>DEX Risk 73<br/><br/>Custodial Risk 74<br/><br/>Regulatory Risk 75<br/><br/>8 Conclusions: Losers and Winners 76 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc. |
Governments bailed out the very institutions that let the economy down. This episode spurred a serious rethink of our financial system. Does it make any sense that it takes two days to settle a stock transaction? Why do retailers, operating on razor thin margins, have to pay 3% for every customer credit card swipe? Why does it take two days to transfer money from a bank account to a brokerage—or any other company? Why are savings rates miniscule or negative? Why is it so difficult for entrepreneurs to get financing at traditional banks?<br/><br/>In DeFi and the Future of Finance, Campbell R. Harvey, Ashwin Ramachandran and Joey Santoro, introduce the new world of Decentralized Finance. The book argues that the current financial landscape is ripe for disruption and we are seeing, in real time, the reinvention of finance.<br/><br/>The authors provide the reader with a clear assessment of the problems with the current financial system and how DeFi solves many of these problems. The essence of DeFi is that we interact with peers—there is no brick and mortar and all of the associated costs. Savings and lending are reinvented. Trading takes place with algorithms far removed from traditional brokerages.<br/><br/>The book conducts a deep dive on some of the most innovative protocols such as Uniswap and Compound. Many of the companies featured in the book you might not have heard of—however, you will in the future.<br/><br/>As with any new technology, there are a myriad of risks and the authors carefully catalogue these risks and assess which ones can be successfully mitigated.<br/><br/>Ideally suited for people working in any part of the finance industry as well as financial policy makers, DeFi and the Future of Finance gives readers a vision of the future. The world of finance will fundamentally be changed over the coming decade. The book enables you to become part of the disruption – not the target of the disruption. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Banks and banking, Central |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Finance |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Financial institutions |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Financial services industry |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
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| Personal name |
Ramachandran, Ashwin |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
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| Personal name |
Santoro, Joey |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Source of classification or shelving scheme |
Dewey Decimal Classification |
| Koha item type |
Book |