Finance and Banking Are Time and Motion Machines

  • Dimitris N. Chorafas
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)


Finance and banking are perpetual motion machines based on virtual rather than real assets and, more recently, on a rapidly growing mountain of debt. They sustain their perpetual motion by being inventive and marketing-oriented, creating business opportunities on a local, national and global scale, taking risks and facing headwinds that have the potential to destabilize the whole financial system.


Hedge Fund Financial Instrument Leverage Ratio Financial Account Standard Board Basel Committee 
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Copyright information

© Dimitris N. Chorafas 2012

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  • Dimitris N. Chorafas

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