e-Finance: The Electronic Revolution [Hardcover]

Erik Banks (Author)

Book Description

Publication Date: May 30, 2001 | ISBN-10: 047156026X | ISBN-13: 978-0471560265 | Edition: 1

Digital finance is the latest hot topic as financial institutions grapple with the impact of e-commerce. Electronic trading, managing e-commerce risk, B2B exchanges, e-brokers, Alternative Trading Systems (ATS) are all bringing opportunities and challenges to the financial sector. eFinance examines all these areas and provides a readable, non-technical overview of this dynamic sector.
The book takes a look at the development of e-commerce business models, as well as the technology and the funding of digital finance. eFinance then moves on to explore the financial services that are available to both institutional and individual customers outlining the advantages and disadvantages of traditional and virtual banking and exploring potential areas of growth and future developments focusing on competition and market structures.
* Contains numerous industry examples that illustrate the expansion, failures, successes and future of digital finance, including Schwab, Fidelity, Citibank, London Stock Exchange/Deutsche Boerse, Egg/Prudential, Reuters, Yahoo Finance, Virgin

Editorial Reviews

From the Inside Flap

This book is the first to address the securities, banking and insurance sectors very specifically. It discusses in detail the practical developments that have occurred since the mid-1990s, with a particular emphasis on both the retail and institutional sectors.

From the Back Cover

e-Finance: The Electronic Revolution is the first comprehensive and practical attempt to chart the history, progress and future of B2B and B2C electronic financial services. It explains clearly and concisely how and why the world of retail and institutional finance has started a migration from conventional foundations to computerized, Internet-driven practices, and considers where such efforts will ultimately lead. Industry examples from different countries and markets are included throughout the book to illustrate the expansion, failures, successes, and future of electronic finance.
The book is aimed at a general financial audience and includes specific discussion about:
* the key elements that have made electronic commerce a reality, focusing on the creation and expansion of the Internet/advances in communications/computers (technology), the development of e-commerce business models (ideas), and the availability of venture capital/equity to fund growth (capital);
* the nature of the financial products, services and information that are available to institutional and individual customers around the world (along with their relative costs, benefits, and drawbacks);
* the advantages/disadvantages of traditional and virtual finance, potential areas of growth and consolidation, and the future path of the industry in a rapidly-changing environment (with a particular focus on competition and market structures).

See all Editorial Reviews

Product Details

• Hardcover: 220 pages
• Publisher: Wiley; 1 edition (May 30, 2001)
• Language: English
• ISBN-10: 047156026X
• ISBN-13: 978-0471560265
• Product Dimensions: 9.3 x 6.3 x 0.9 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #3,012,328 in Books (See Top 100 in Books)

More About the Author

Erik Banks is the author of more than 20 books on risk, catastrophe, derivatives, emerging markets, and Wall Street. He has spent 25 years as an international banker, working at major financial institutions in New York, London, Tokyo, Hong Kong and Munich; he has also worked in the hedge fund sector and has taught at the University level.

Customer Reviews

Most Helpful Customer Reviews

1 of 10 people found the following review helpful:

5.0 out of 5 stars Amazing!!, July 14, 2001

By A Customer

This review is from: e-Finance: The Electronic Revolution (Hardcover)

A comprehensive book on a new and exciting topic. I have read all of Mr. Banks' other books and would highly adding those and this new one to your finance library. He has a way of making complex topics understandable.