Blockchain: Rethinking Macroeconomic Policy and Economic Theory : How Blockchain and Fintech Change Monetary Economics and Society
APRESS, New York, (2017)Abstract
This book shows how distributed ledger technologies, especially the blockchain, are transforming the finance sector in the wake of the financial crisis of 2008. It surveys the measures, tools, and theories being developed to create a new framework of monetary economics and capitalism. Kariappa Bheemaiah, a technology strategy consultant, analyzes and compares the traditional and emergent paradigms of finance and monetary economics.Blockchain: Rethinking Macroeconomic Policy and Economic Theory reviews the workings and failings of the current dominant system of fractional-reserve banking and examines the emerging technologies that are convergently challenging the status quo by defragmenting the financial sector. Readers learn how the new tools and models of econophysics and complexity economics can be applied to cashless systems to control excessive debt, systemic risk, and economic pollution.What you will learn • What is fractional banking• How to explore debt and monetary policy• What is blockchain• What is complexity economics and what it means Who is this book forThe primary audience is bankers and other finance professionals, policy makers, and students of finance and economics. The secondary audience is anyone seeking a deeper understanding of the current financial system, the blockchain, and the future of capitalism.