Behind the pseudonym Jonathan McMillan stand two authors, both deeply versed in economics and finance. One is a financial expert with firsthand insights from the global banking centers of London and New York, delving into complex data and systems. The other brings an academic perspective, shaped by advanced degrees and research into banking regulation's impact on stability. United by a shared disappointment in how their fields handled the financial crisis, they offer a unique, complementary view on the inner workings of banking, providing readers with a comprehensive understanding of the financial world.
Exploring the intricacies of modern finance, Jonathan McMillan reveals the vulnerabilities within the banking system that nearly led to a financial collapse. He argues that the current banking model is fundamentally flawed and beyond repair, offering a critical perspective on the industry's inner workings. Through his analysis, McMillan challenges readers to reconsider their understanding of banking and its impact on the economy.
There is an alternative! 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. We can do better than banking