Network Finance: Theoretical Analysis and Practical Exploration

Author: Yang You
Publisher:
Publish Date: 2006-04-01
Features: The research on network finance theory in this book can be divided into four parts. The first part covers the theory and practice of electronic money development. The second part introduces network banking theory. The third part discusses the financial markets in the era of the internet. The fourth part explores network finance security and regulation. These four theoretical sections collectively form the basic framework of network finance theory. Among them, electronic money is a specialized payment tool for the network finance era; network banks are uniquely characteristic participants in the network finance era; financial markets are trading venues for various microeconomic entities; and the final section on network finance security and regulation involves the active microeconomic entities in the financial market, maintaining a financial system with significant externalities and co-vulnerabilities. Meanwhile, financial regulatory authorities often participate in the activities of the financial market as a special entity. Building the framework of network finance theory from these four aspects is logical. In the research on network finance theory, we focus on a comprehensive grasp and analysis rather than getting entangled in the technical details of network finance, which are actually outside the scope of financial theory.