An Overview of Fintech Sahoko Kaji Pages 1-16 Understanding Fintech from a Macroeconomic Perspective Naoyuki Yoshino Pages 17-30 Crypto Assets (Cryptocurrencies) and Central Bank Digital Currencies Naoyuki Iwashita Pages 31-54 Consumer Behavior and Financial Marketing Tomohiro Senda, Miwa Takemura Pages 55-66 The Impact of Fintech on Existing Financial Institutions Kazuhiko Tajimi Pages 67-80 Fintech Entrepreneurship Masahiro Fukuhara Pages 81-91 Fintechβs Impact on International Capital Markets Spyridon Mentzas Pages 93-108 Architecture and Legislation Brought by Cryptoassets Masakazu Masujima Pages 109-123 Fintech: Toward a New Era of Finance Jumpei Miwa, Yusaku Matsui Pages 125-142 Blockchain Basics Masahiro Fukuhara, Sahoko Kaji Pages 143-153 Machine Learning Principles and Applications Teruo Nakatsuma Pages 155-165 The Mechanism of HFT and Its Merits and DemeritsβThe Information Efficiency Challenge Teruo Nakatsuma Pages 167-177 Asset Management and Robo-Advisors Teruo Nakatsuma Pages 179-187 New Risks from Fintech (1) Cyber Security Yuta Miyauchi Pages 189-198 New Risks from Fintech (2) Financial System Destabilization Kazuhito Ikeo Pages 199-210
This book is a collection of academic lectures given on fintech, a topic that has been written about extensively but only from a business or technological point of view. In contrast to other publications on the subject, this book shows the reader how fintech should be understood in relation to economics, financial theory, policy, and law. It provides introductory explanations on fintech-related concepts and instruments such as blockchains, crypto assets, machine learning, high-frequency trading, and AI. The collected lectures also point to surrounding issues including start-ups, monetary policy, asset management, cyber and other security, and stability of financial systems.
The authors include professors, a former central bank official, current officials at Japanβs Financial Services Authority, a lawyer, the former dean of the Asian Development Bank Institute, and private sector professionals at the frontline of fintech. The book is most suitable for those both within and outside of academia who are beginning to learn about fintech and wish to successfully take part in the revolution that is certain to have wide-ranging effects on our economy and society.