The End of Banking

Autorentext

The collective pseudonym Jonathan McMillan represents a banker and an economist. The banker has worked for a multinational financial institution out of Zurich, New York, and London for fifteen years. The pseudonym is used because of this author's position. The other author is Jürg Müller, the economist. In his academic research, he has investigated the impact of banking regulation on macroeconomic stability and welfare. He is now the director and CEO of Avenir Suisse, the largest think tank in Switzerland.

Klappentext

In this thought-provoking book, Jonathan McMillan dissects banking to reveal its inner workings. He cuts through the complexity of modern finance and explains how banking almost crashed our financial system. Banking is broken, and McMillan reveals why we can no longer fix it. The digital revolution turns out to be the game changer that calls for the end of banking. But McMillan refrains from merely pointing out flaws. Building on economic research and a rigorous analytical approach, he goes on to provide an innovative blueprint for a modern financial system. The End of Banking transforms our understanding of the financial system. It identifies the root cause of today's problems with banking and presents a solution that stands out against existing reform proposals.