Download or read book Driverless Finance written by Hilary J. Allen and published by Oxford University Press. This book was released on 2022 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction -- The case for precaution -- Fintech and risk management -- Fintech and capital intermediation -- Fintech and payments -- Current approaches to fintech and financial stability regulation -- Precautionary regulation of fintech innovation -- The bigger picture.
Download or read book Driverless Finance written by Hilary J. Allen and published by . This book was released on 2020 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: While safety concerns are at the forefront of the debate about driverless cars, such concerns seem to be less salient when it comes to the increasingly sophisticated algorithms driving the financial system. This Article argues, however, that a precautionary approach to sophisticated financial algorithms is justified by the potential enormity of the social costs of financial collapse. Using the algorithm-driven fintech business models of robo-investing, marketplace lending, high frequency trading and token offerings as case studies, this Article illustrates how increasingly sophisticated algorithms (particularly those capable of machine learning) can exponentially exacerbate complexity, speed and correlation within the financial system, rendering the system more fragile. This Article also explores how such algorithms may undermine some of the regulatory reforms implemented in the wake of the Financial Crisis to make the financial system more robust. Through its analysis, this Article demonstrates that the algorithmic automation of finance (a phenomenon I refer to as “driverless finance”) deserves close attention from a financial stability perspective. This Article argues that regulators should become involved with the processes by which the relevant algorithms are being created, and that such efforts should begin immediately - while the technology is still in its infancy and remains somewhat susceptible to regulatory influence.
Download or read book Technology in Financial Markets written by Marco Dell'Erba and published by Oxford University Press. This book was released on 2023-09-28 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a dynamic perspective on the study of technology as a disruptive force and its relationship to financial regulation and the law. It identifies the interconnections that characterise technology-driven transformations, involving commercial practices, capital markets, corporate-governance, central banking, and financial networks.
Download or read book Regulating Financial Innovation written by Christopher Ruof and published by Springer Nature. This book was released on 2023-10-01 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the impact of 'Fintech' on the information asymmetry between the financial regulator and the markets. It details the growing regulatory mismatch and how Fintech exacerbates the “pacing problem”, where the regulator struggles to keep up with innovation. With information as a point of reference, the book adds a new perspective on the latest phenomenon in financial innovation and presents a novel framework for navigating structural changes in the financial sector. Based on this analysis, a number of proposals to reduce the information gap and avoid regulatory mismatch are discussed. Thereby, new and promising regulatory concepts, such as regulatory sandboxes and SupTech applications are also covered. This book provides a practical framework for regulatory responses to financial innovation. It will be relevant to researchers and practitioners interested in financial technology and regulation.
Download or read book Artificial Intelligence in Finance written by Nydia Remolina and published by Edward Elgar Publishing. This book was released on 2023-01-20 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive analysis of the primary challenges, opportunities and regulatory developments associated with the use of artificial intelligence (AI) in the financial sector. It will show that, while AI has the potential to promote a more inclusive and competitive financial system, the increasing use of AI may bring certain risks and regulatory challenges that need to be addressed by regulators and policymakers.
Download or read book Regulating the Crypto Economy written by Iris H-Y Chiu and published by Bloomsbury Publishing. This book was released on 2021-10-21 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the building of a crypto economy as an alternative economic space and discusses how the crypto economy should be governed. The crypto economy is examined in its productive and financialised aspects, in order to distil the need for governance in this economic space. The author argues that it is imperative for regulatory policy to develop the economic governance of the blockchain-based business model, in order to facilitate economic mobilisation and wealth creation. The regulatory framework should cater for a new and unique enterprise organisational law and the fund-raising and financing of blockchain-based development projects. Such a regulatory framework is crucially enabling in nature and consistent with the tenets of regulatory capitalism. Further, the book acknowledges the rising importance of private monetary orders in the crypto economy and native payment systems that do not rely on conventional institutions for value transfer. A regulatory blueprint is proposed for governing such monetary orders as 'commons' governance. The rise of Decentralised Finance and other financial innovations in the crypto economy are also discussed, and the book suggests a framework for regulatory consideration in this dynamic landscape in order to meet a balance of public interest objectives and private interests. By setting out a reform agenda in relation to economic and financial governance in the crypto economy, this forward-looking work argues for the extension of 'regulatory capitalism' to this perceived 'wild west' of an alternative economic space. It advances the message that an innovative regulatory agenda is needed to account for the economically disruptive and technologically transformative developments brought about by the crypto economy.
Download or read book The International Governance of Artificial Intelligence written by Mark Chinen and published by Edward Elgar Publishing. This book was released on 2023-06-01 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book investigates emerging efforts to govern artificial intelligence (AI) at an international level. It aptly emphasizes the complex interactions involved when creating international laws, exploring potential and current developments in AI regulation.
Download or read book Token Supremacy written by Zachary Small and published by Knopf. This book was released on 2024-05-21 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times investigative reporter wades into the murky, pixelated waters of the multibillion-dollar NFT market—the virtual casino that sprang up overnight in 2020 and came crashing down, with all its celebrity hucksters, just two years later. A vibrant and witty exploration of the increasingly blurry line between art and money, artist and con artist, value and worthlessness. “A perfect book to understand and to laugh at the craziness of the art world today." —Jerry Saltz, author of How to Be an Artist In 2021, when the gavel fell at Christie’s on the sale of Mike Winkelmann’s Everydays series—a compilation of five thousand digital artworks—it made a thunderous announcement: Non-fungible tokens had arrived. The ludicrous world of CryptoKitties and Bored Apes had just produced a piece of art worth $69.3 million (at least according to the highest bidder). On that day, the traditional art market—the largest unregulated market in the world—put its stamp of approval on a very new and carnivalesque digital reality. But what did it mean for these two worlds to collide? Was it all just a money laundering scheme? And come on, what was that piece of digital flotsam really worth anyway? In Token Supremacy, Zachary Small works through these and other fascinating questions, tracing the crypto economy back to its origins in the 2008 financial crisis and the lineage of NFTs back to the first photographic negatives. Small describes jaw-dropping tales of heists, publicity stunts, and rug pulls, before zeroing in on the role of "security tokens" in the FTX scandal. Detours through art history provide insight into the mythmaking tactics that drive stratospheric auction sales and help the wealthy launder their finances (and reputations) through art. And we cast an eye toward a future where NFTs have paved the way for a dangerous, new shadow banking system. A wild and spellbinding tour through a world that strains belief.
Download or read book Busting the Bankers Club written by Gerald Epstein and published by Univ of California Press. This book was released on 2024-01-23 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: An eye-opening account of the failures of our financial system, the sources of its staying power, and the path to meaningful economic reform. Bankers brought the global economic system to its knees in 2007 and nearly did the same in 2020. Both times, the US government bailed out the banks and left them in control. How can we end this cycle of trillion-dollar bailouts and make finance work for the rest of us? Busting the Bankers' Club confronts the powerful people and institutions that benefit from our broken financial system—and the struggle to create an alternative. Drawing from decades of research on the history, economics, and politics of banking, economist Gerald Epstein shows that any meaningful reform will require breaking up this club of politicians, economists, lawyers, and CEOs who sustain the status quo. Thankfully, there are thousands of activists, experts, and public officials who are working to do just that. Clear-eyed and hopeful, Busting the Bankers' Club centers the individuals and groups fighting for a financial system that will better serve the needs of the marginalized and support important transitions to a greener, fairer economy.
Download or read book The Cambridge Handbook of Private Law and Artificial Intelligence written by Ernest Lim and published by Cambridge University Press. This book was released on 2024-03-28 with total page 986 pages. Available in PDF, EPUB and Kindle. Book excerpt: AI appears to disrupt key private law doctrines, and threatens to undermine some of the principal rights protected by private law. The social changes prompted by AI may also generate significant new challenges for private law. It is thus likely that AI will lead to new developments in private law. This Cambridge Handbook is the first dedicated treatment of the interface between AI and private law, and the challenges that AI poses for private law. This Handbook brings together a global team of private law experts and computer scientists to deal with this problem, and to examine the interface between private law and AI, which includes issues such as whether existing private law can address the challenges of AI and whether and how private law needs to be reformed to reduce the risks of AI while retaining its benefits.
Download or read book The Future of Finance written by Henri Arslanian and published by Springer. This book was released on 2019-07-15 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, written jointly by an engineer and artificial intelligence expert along with a lawyer and banker, is a glimpse on what the future of the financial services will look like and the impact it will have on society. The first half of the book provides a detailed yet easy to understand educational and technical overview of FinTech, artificial intelligence and cryptocurrencies including the existing industry pain points and the new technological enablers. The second half provides a practical, concise and engaging overview of their latest trends and their impact on the future of the financial services industry including numerous use cases and practical examples. The book is a must read for any professional currently working in finance, any student studying the topic or anyone curious on how the future of finance will look like.
Download or read book Advanced Artificial Intelligence and Robo Justice written by Georgios I. Zekos and published by Springer Nature. This book was released on 2022-05-16 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book deals with digital technology which is transforming the landscape of dispute resolution. It illustrates the application of AI in the legal field and shows the future prospect of robo-justice for an AAI society in the advanced artificial intelligence era. In other words, the present justice system and the influence of current AI upon courts and arbitration are investigated. The transforming role of AI on all legal fields is examined thoroughly by giving answers concerning AI legal personality and liability. The analysis shows that digital technology is generating an ever-growing number of disputes and at the same time is challenging the effectiveness and reach of traditional dispute resolution avenues. To that extent, the book presents in tandem the impact of AI upon courts and arbitration, and reveals the role of AAI in generating a new robo-justice system. Finally, the end of the perplexing relation of courts and arbitration is evidenced methodically and comprehensively.
Download or read book The New Knowledge written by Blayne Haggart and published by Rowman & Littlefield. This book was released on 2023-06-19 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the global geopolitical arena to the smart city, control over knowledge—particularly over data and intellectual property—has become a key battleground for the exercise of economic and political power. For companies and governments alike, control over knowledge—what scholar Susan Strange calls the knowledge structure—has become a goal unto itself. The rising dominance of the knowledge structure is leading to a massive redistribution of power, including from individuals to companies and states. Strong intellectual property rights have concentrated economic benefits in a smaller number of hands, while the “internet of things” is reshaping basic notions of property, ownership, and control. In the scramble to create and control data and intellectual property, governments and companies alike are engaging in ever-more surveillance. The New Knowledge is a guide to and analysis of these changes, and of the emerging phenomenon of the knowledge-driven society. It highlights how the pursuit of the control over knowledge has become its own ideology, with its own set of experts drawn from those with the ability to collect and manipulate digital data. Haggart and Tusikov propose a workable path forward—knowledge decommodification—to ensure that our new knowledge is not treated simply as a commodity to be bought and sold, but as a way to meet the needs of the individuals and communities that create this knowledge in the first place.
Download or read book Financial Engineering with Finite Elements written by Jürgen Topper and published by John Wiley & Sons. This book was released on 2005-04 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pricing of derivative instruments has always been a highly complex and time-consuming activity. Advances in technology, however, have enabled much quicker and more accurate pricing through mathematical rather than analytical models. In this book, the author bridges the divide between finance and mathematics by applying this proven mathematical technique to the financial markets. Utilising practical examples, the author systematically describes the processes involved in a manner accessible to those without a deep understanding of mathematics. * Explains little understood techniques that will assist in the accurate more speedy pricing of options * Centres on the practical application of these useful techniques * Offers a detailed and comprehensive account of the methods involved and is the first to explore the application of these particular techniques to the financial markets
Download or read book Proceedings of the 2022 International Conference on Economics Smart Finance and Contemporary Trade ESFCT 2022 written by Faruk Balli and published by Springer Nature. This book was released on 2022-12-28 with total page 1691 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access book. As a leading role in the global megatrend of scientific innovation, China has been creating a more and more open environment for scientific innovation, increasing the depth and breadth of academic cooperation, and building a community of innovation that benefits all. Such endeavors are making new contributions to the globalization and creating a community of shared future. To adapt to this changing world and China's fast development in the new era, The 2022 International Conference on Economics, Smart Finance and Contemporary Trade to be held in July 2022. This conference takes "bringing together global wisdom in scientific innovation to promote high-quality development" as the theme and focuses on cutting-edge research fields including Economics, Smart Finance and Contemporary Trade. This conference aims to boost development of the Greater Bay Area, expand channels of international academic exchange in science and technology, build a sharing platform of academic resources, promote scientific innovation on the global scale, strengthen academic cooperation between China and the outside world, enhance development of new energy and materials and IT, AI, and biomedicine industries. It also aims to encourage exchange of information on frontiers of research in different areas, connect the most advanced academic resources in China and the world, turn research results into industrial solutions, and bring together talents, technologies and capital to boost development.
Download or read book The Driver in the Driverless Car written by Vivek Wadhwa and published by Berrett-Koehler Publishers. This book was released on 2017-04-03 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: A computer beats the reigning human champion of Go, a game harder than chess. Another is composing classical music. Labs are creating life-forms from synthetic DNA. A doctor designs an artificial trachea, uses a 3D printer to produce it, and implants it and saves a child's life. Astonishing technological advances like these are arriving in increasing numbers. Scholar and entrepreneur Vivek Wadhwa uses this book to alert us to dozens of them and raise important questions about what they may mean for us. Breakthroughs such as personalized genomics, self-driving vehicles, drones, and artificial intelligence could make our lives healthier, safer, and easier. But the same technologies raise the specter of a frightening, alienating future: eugenics, a jobless economy, complete loss of privacy, and ever-worsening economic inequality. As Wadhwa puts it, our choices will determine if our future is Star Trek or Mad Max. Wadhwa offers us three questions to ask about every emerging technology: Does it have the potential to benefit everyone equally? What are its risks and rewards? And does it promote autonomy or dependence? Looking at a broad array of advances in this light, he emphasizes that the future is up to us to create—that even if our hands are not on the wheel, we will decide the driverless car's destination.
Download or read book Autonomous Driving written by Andreas Herrmann and published by Emerald Group Publishing. This book was released on 2018-03-26 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: The technology and engineering behind autonomous driving is advancing at pace. This book presents the latest technical advances and the economic, environmental and social impact driverless cars will have on individuals and the automotive industry.
