Ordinary people can now create engaging and remunerative activities on platforms in the cloud. These activities can coexist harmoniously with traditional financial relationships, broadening economic inclusion and fostering upward mobility. The book examines how individuals with minimal computer skills can access financial services and manage money that is both invisible and untraceable. It shows how cloud-based financial platforms can facilitate economic activity in remote areas, boosting employment without attracting regulatory attention. This new, low-profile financial activity weakens the grip of repressive governments over citizens' lives, opening paths to economic empowerment.
Unique and disruptive, this book is essential reading for anyone trying to understand the complexities of modern finance and the transformative potential of emerging technologies. Whether you're a seasoned investor, a financial professional, or simply curious about the future of money and its potential to transform societies, this book offers valuable insights and practical knowledge to navigate the evolving financial landscape.
Section 1: Financial Assets Emerge, Become the Accelerant of Wealth
Creation, and then Become the Modern Measure of Wealth.-Chapter 1
Introduction.-Chapter 2 Financial Assets Emerge as a Wealth Accelerator.-
Chapter 3. How the World Arrived at the Traditional Financial System.-
Chapter 4. Defects of the Traditional Financial System.
Chapter 5
Population, Employment, Migration, and Assimilation.- Section 2: The
Cloud-Based Financial Economy Reframing the World Financial System with
Individual Financial Intermediaries that Do Not Trigger Contagion Using
Digital Money.
Chapter 6 Digital Money.
Chapter 7 Growing Pains and
Governance Defects.
Chapter 8 Platforms Pop Up by the Thousands.
Chapter 9
Macro Effects: Good and Uncertain.
Chapter 10 A Financial Intermediary
That Will Not Fail; and A National Financial System That Will Not Crash.-
Chapter 11 Building Blocks of a New Financial Architecture.
Chapter 12
Keeping Ones Money Safe.
Chapter 13 Secrecy, Privacy, and Anonymity.-
Section Three: Broad Implications-- Bringing the Cloud-Based World into
Constructive Contact with the Traditional World.
Chapter 14 Traditional and
New Systems Alongside Each Other: Coexistence, Not Conflict.
Chapter 15.
Combining Innovations to Align Objectives, Address the Needs of All
Individuals,. and Transcend National Identity.
Chapter 16
Decentralization, Anonymity, and Transcending the Nation State .
Chapter 17
Overlaying Parallel Associations on Traditional Political Entities
John C. Edmunds is Professor of Finance at Babson College. He has taught at overseas MBA programs in six countries and five other schools in the Boston area. He is the author of more than 350 articles and cases published both in academic and practitioner journals, and nine books.
Juan Antonio Lillo Paredes is Head of the Finance & AI Lab at the Graduate School of Universidad San Ignacio de Loyola and Professor at Universidad Nacional Mayor de San Marcos, specializing in capital markets. He collaborates with Bloomberg, CFA Institute, and OECD.
