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9783952438503

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An interesting and challenging vision (V�tor Const�ncio, Vice-President of the European Central Bank) An absolutely new perspective (Izabella Kaminska, Financial Times Alphaville) Thought provoking, bold, and visionary (Barry Silverstein, Foreword Reviews) An important book about finance (Dominic Elliott, Reuters Breakingviews) Deserves a bigger platform (Dan Tudball, The Willmott Magazine) Well researched, stimulating, thought-provoking (Manuel Stagars, CFA Institute Blog) Offers much to consider (Publishers Weekly) The End of Banking is easily the 'deepest' examination of our financial system in a generation. Robert C. Hockett, Edward Cornell Professor of Law This thought-provoking book makes radical proposals that strike at the source of fragility in banking and which should be considered seriously. Anat R. Admati, Professor of Finance and Economics, Graduate School of Business, Stanford, and coauthor of The Bankers' New Clothes: What's Wrong with Banking and What to Do about It In this book, McMillan embraces the digital revolution and shows, clearly and compellingly, how it can be used to create a financial system that is much better, much simpler and much fairer. Read it urgently and dare to think big. William R. White, former Head of the Monetary and Economic Department of the Bank of International Settlement, and currently the Chairman of the Economic and Development Review Committee at the OECD

An interesting and challenging vision (Vítor Constâncio, Vice-President of the European Central Bank) An absolutely new perspective (Izabella Kaminska, Financial Times Alphaville) Thought provoking, bold, and visionary (Barry Silverstein, Foreword Reviews) An important book about finance (Dominic Elliott, Reuters Breakingviews) Deserves a bigger platform (Dan Tudball, The Willmott Magazine) Well researched, stimulating, thought-provoking (Manuel Stagars, CFA Institute Blog) Offers much to consider (Publishers Weekly) The End of Banking is easily the 'deepest' examination of our financial system in a generation. Robert C. Hockett, Edward Cornell Professor of Law This thought-provoking book makes radical proposals that strike at the source of fragility in banking and which should be considered seriously. Anat R. Admati, Professor of Finance and Economics, Graduate School of Business, Stanford, and coauthor of The Bankers' New Clothes: What's Wrong with Banking and What to Do about It In this book, McMillan embraces the digital revolution and shows, clearly and compellingly, how it can be used to create a financial system that is much better, much simpler and much fairer. Read it urgently and dare to think big. William R. White, former Head of the Monetary and Economic Department of the Bank of International Settlement, and currently the Chairman of the Economic and Development Review Committee at the OECD

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The collective pseudonym Jonathan McMillan represents a banker and an economist. The banker has worked for a multinational financial ins¬titution out of Zurich, New York, and London for fifteen years. The pseu¬donym is used because of this author's position.The other author is Jürg Müller, the economist. In his academic research, he has investigated the impact of banking regulation on macroeconomic stability and welfare. He is now the director and CEO of Avenir Suisse, the largest think tank in Switzerland.

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