Fragmentation of Finance

  • Kariappa Bheemaiah
Chapter

Abstract

In this chapter, we will cover the technological changes that are currently challenging the status quo in finance. By delving into the technical aspects of Blockchain and Fintech, a clear perspective of the transformational effects of these technologies, that emphasises the role of the Blockchain as a unifying factor will be evident. This will provide a holistic understanding of the implications of these technologies, how they are effectively fragmenting the financial sector and thus enacting a paradigmatic transformation. Special importance is given to explaining why it is necessary to include the fragmented financial market when constructing macroeconomic models, which is not the case today. In essence, it underlines that the structure of financial markets is in a state of flux, and as a result, shows why we require a new construct that is capable of leveraging the convergence of technology.

Keywords

Financial Institution Systemic Risk Credit Default Swap Large Bank Legal Identity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Kariappa Bheemaiah  2017

Authors and Affiliations

  • Kariappa Bheemaiah
    • 1
  1. 1.ParisFrance

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