In economics, money illusion refers to the tendency of people to think of currency in nominal, rather than real, terms. In other words, the numerical/face value (nominal value) of money is mistaken for its purchasing power (real value). This is false, as modern fiat currencies have no inherent value and their real value is derived from their ability to be exchanged for goods and used for payment of taxes. The term was coined by John Maynard Keynes...

Over the past decade, financial service innovations have contributed to a completely new way in which customers can bank, threatening the status quo of traditional retail banks, and redefining a banking model, which has been in place for generations. These new technological advancements have facilitated the rapid emergence of digital banking firms and FinTech companies, leading to established banks being forced, to swiftly increase their pace of digital...

Como pagar menos intereses y escoger el mejor sistema de préstamo. El libro demuestra las innumerables fallas en las financiaciones practicadas por los bancos e instituciones financieras y presenta un sistema de préstamo mejor que las usuales. Muestra que las prestaciones pueden ser regidas por el tamaño del monto del financiado y que hay viabilidad en los préstamos en régimen de intereses simples y compuestos. Además de eso, hace una explicación...

Cryptocurrency can feel like an incomprehensible world, especially when you're just getting started. We've both been through the whole process of learning how to buy, send, spend and invest in cryptocurrency so we know how frustrating and confusing it can be. By the end of this book, you are going to be feeling a whole lot more confident than you do right now; in fact, we're sure you are going to want to get more involved. Back when we were getting...

As mentioned in "How I Came to Be Here", the text of a First-Class Honours thesis written by Professor John Middleton in a previous life. This dissertation discusses the operations of the Tokyo Branch of Westpac Banking Corporation as they existed in 1987, focusing on the dynamics of the relationships between the expatriate and Japanese staff from a sociolinguistic perspective.

Learn Cryptocurrency today to start reaching your investing and money making goals! Learn everything you need to know about cryptocurrency in this simple, easy to understand guide. - Are you confused about cryptocurrency and how it works? - Would you like to know more about how it could make you money? - Do you get bogged down with all the jargon? If your answer to these questions is yes, then this guide can help you understand: ● What is Cryptocurrency ●...

An insightful book that provides the reader with a deeper understanding of cryptocurrencies. Bitcoin is quickly becoming mainstream as businesses and retailers have started accepting this nontraditional currency as a legitimate form of payment. Bitcoin Basics will help you understand the building blocks of bitcoin and address all of your questions - Whats a wallet? What's an encryption key? What is a wallet address? Don't miss the train into the world...

Tech companies have disrupted retailing, media, transit and travel. Now the retail banking business model looks set to be, transformed too. In Bye Bye Banks? James Haycock and Shane Richmond describe these startups, and to which areas of the banking industry they are laying siege. It shows that this assault is already well underway and that many incumbents are poised to be displaced, diminished and disintermediated. It draws on extensive research...

The European Central Bank administers monetary policy for the eurozone and is tasked with maintaining price stability by keeping inflation below 2 per cent. This brief mandate belies the complexity of managing the monetary policy for the 19 member states of the euro, not to mention the political implications thereof. This book sets out the history, development and day-to-day workings of this key institutional pillar of the European Union. It assesses...

If you are a business analyst, solution designer, architect, tester, or project or program manager working on SEPA Credit Transfer related projects, you will want to understand the SEPA Credit Transfer and how banks implement it – without having to read tons of documents. Are you looking for answers to questions around SCT messages, the payment engines used to process them, and the other applications and systems involved in SCT processing? This...