The Next Revolution in our Credit-Driven Economy (eBook)

The Advent of Financial Technology

(Autor)

eBook Download: PDF
2015 | 1. Auflage
240 Seiten
John Wiley & Sons (Verlag)
978-1-118-98962-3 (ISBN)

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The Next Revolution in our Credit-Driven Economy - Paul Schulte
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Go inside the research to see the global consequences of
unethical banking

The Next Revolution in our Credit-Driven Economy: The Advent
of Financial Technology integrates market theory and practice
to help investors identify growth opportunities, and to help
regulators create a sustainable economic environment. Author Paul
Schulte, former economic analyst with the National Security
Council, draws upon his own decade-spanning research to demonstrate
how unethical banking practices provide the brute force that drives
political and economic crises worldwide. By unbundling how credit
markets work, this authoritative guide provides deep insight into
crisis avoidance and detection, successful investment climates, and
the groundwork that must be in place for policy makers to build a
sound basis for economic growth. Clear, succinct case studies
provide examples of policy and its effects on economic stability,
giving you a stronger understanding of the network of forces that
determine how loan/deposit ratios behave around the world.

Countries that lend more than they save consistently get into
trouble, with catastrophic consequences for the rich and middle
class as well as the politicians. This book shows how credit
excesses bring about price collapse in stocks, currencies, and real
estate, and provides direction for change in the context of global
economics.

* Dive deep into the mechanisms underlying the credit
markets

* Learn how unregulated borrowing leads to socioeconomic
crises

* Examine real-world policy options through global case
studies

* Discover how credit rises are best detected and avoided

An economic climate in which even the smallest hiccup can have
long-lasting consequences should be the ideal impetus for a close
scrutiny of global banking practices and economic policy. The
Next Revolution in our Credit-Driven Economy takes you behind
the scenes for a new perspective, and a more informed look at where
the world needs to begin changing.

The second half of the book will take a look at the revolution
driving financial technology. Companies in Silicon Valley and
giants like Alibaba are challenging the landscape for banking. This
has profound implications for policy makers, banks and for a new
class of entrepreneurs who are developing software which is taking
away market share from bank and challenging decades-old financial
empires. The book will explore the reasons why many global banks
remain flat-footed. It will go into detail about the new companies
and software that are moving in the Far East and with innovations
in securities, bonds, foreign exchange, retail lending and SME
lending. Lastly the book will look at the strategy behind Alibaba
and how it will challenge many companies from a powerful base
inside China.

PAUL SCHULTE runs Schulte Research, his own financial services consultancy based in Hong Kong where he is a permanent resident. His clients include sovereign wealth funds, hedge funds, mutual funds, pension funds, exchanges, and regulators. His policy experience includes work with the National Security Council at the White House in the 1980s and the Indonesian Ministry of Finance in the early 1990s. He specialized in investment strategy and research in financials with Credit Suisse, Lehman Brothers, Nomura and China Construction Bank Intl. over a 20-year period. In the academic world, he is a Senior Fellow at the Center for Emerging Markets Enterprises at the Fletcher School of Law and Diplomacy at Tufts University in Boston, Massachusetts. He is also a Visiting Scholar in the MBA programs at both Hong Kong University and the Hong Kong University of Science and Technology. In addition, he has lectured at MBA programs at Tsinghua, Fudan, NYU Stern School, FGV (Rio), LBS, UCLA, Loyola Marymount, Northwestern, among others.

Acknowledgments xvii

About the Author xix

About the Website xxi

Introduction: A Few Numbers Can Crack the Code xxiii

PART ONE How Bank Credit Drives Economics (Not the Other Way Around) and Why

CHAPTER 1 A Few Simple Concepts That Anyone Can Understand 3

CHAPTER 2 Differences between Liquidity and Solvency Are Thin 23

CHAPTER 3 Anatomy of a Credit Crisis and Examples in the Real World 33

PART TWO I Am from the Government, and I Am Here to Help Your Broken Banking System

CHAPTER 4 Socialization of Debt after Mismanagement by Bankers (or, Why Keynesian Economics Doesn't Work) 55

CHAPTER 5 Why Capitalist Bankers Create Soviet Banking Models When the Going Gets Rough 75

CHAPTER 6 Central Banks Are Carrying the Greatest Load and Will Dominate Outcomes 89

CHAPTER 7 How Bankers and Policy Rescuers Affect Stocks, Foreign Exchange, and Property 103

PART THREE Interlude

CHAPTER 8 Why Government and Institutions Get Suckered into Debt Binges 119

PART FOUR The Revolution in Financial Architecture

CHAPTER 9 Why Is This Revolution Happening Now and Why So Fast? 135

CHAPTER 10 The Revolution in Alternative Investments 145

CHAPTER 11 The Revolution in Big Data and SME Lending in the Emerging World 157

CHAPTER 12 Banking and Analytics--The PayPal Gang, Palantir versus Alibaba, and Hundsun 177

Appendix 195

Bibliography 197

Index 199

Erscheint lt. Verlag 29.6.2015
Sprache englisch
Themenwelt Wirtschaft Betriebswirtschaft / Management Finanzierung
Betriebswirtschaft / Management Spezielle Betriebswirtschaftslehre Bankbetriebslehre
Wirtschaft Volkswirtschaftslehre Makroökonomie
Schlagworte Finance & Investments • Finanz- u. Anlagewesen • Geld • Geld u. Bankwesen • Money & Banking
ISBN-10 1-118-98962-7 / 1118989627
ISBN-13 978-1-118-98962-3 / 9781118989623
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