Technology and Finance

Technology and Finance analyses the dramatic implications of technology for today's financial sector, for productivity growth and for monetary policy. A wide range of financial market activities are now technology driven; technology is also crucial in retail, private and corporate banking, and it has lowered entry barriers to the sector. New participants are flourishing as they are strongly supported by their technology. Distinguished keynote speeches in this volume were initially featured in the latest highly-respected SUERF (Sociètè Universitaire Europèene de Recherches Financières) Colloquium. The articles cover the following topics:*the impact of technology on financial institutions - evolution or revolution? *the relationship between technology and financial markets, including the impact of 'electronification' on financial markets and deposit insurance systems.*the real and potential impact of technology on productivity growth, and possible implications for economic growth, monetary policy and markets. This volume represents the cutting edge of informed thinking on the implications of, and possible problems with, modern technology on contemporary finance.