New Book by John C. Edmunds

The Financial Revolution

Creating Prosperity with a Cloud-Based Financial System

Discover how digital platforms and cloud-based financial intermediaries can expand economic inclusion, ensure system stability, and coexist with traditional finance.

Get the BookRead Chapter 10 Free

John C. Edmunds — Professor of Finance at Babson College

Finance

The Financial Revolution

Creating Prosperity with a Cloud-Based Financial System

John C. Edmunds

with Juan Antonio Lillo Paredes

What You Will Discover

A comprehensive guide to understanding the transformation of global finance through technology

Cloud-Based Finance

Understanding how platforms in the cloud are reshaping financial services globally

System Stability

Learn about failure-proof financial intermediaries that avoid systemic risk

Financial Inclusion

Discover how digital platforms expand access for underserved populations

Investment Insights

Explore new opportunities in the platform economy and digital assets

Global Perspective

See how decentralized systems transcend national boundaries

Dual System Coexistence

Learn how new and traditional financial systems can work together

About the Book

The Financial Revolution presents a groundbreaking vision of how cloud-based financial systems and digital money can fundamentally reshape the global economy.

In an era where billions remain underserved by traditional banking, this book explores how decentralized financial platforms can provide the full range of financial services without the risks of bank runs and systemic contagion that have plagued conventional finance for centuries.

John C. Edmunds, drawing on decades of experience in financial analysis and academic research, shows how these new platform economy solutions can coexist with and complement traditional financial institutions, creating a more inclusive and stable global financial architecture.

From financial inclusion for the underbanked to new models of failure-proof financial intermediation, this book provides both the theoretical framework and practical insights needed to understand the future of money.

Table of Contents

Section One: Financial Assets

Emerge, Become the Accelerant of Wealth Creation, and then Become the Modern Measure of Wealth

  • Chapter 1: Introduction
  • Chapter 2: Financial Assets Emerge as a Wealth Accelerator
  • Chapter 3: How the World Arrived at the Traditional Financial System
  • Chapter 4: Defects of the Traditional Financial System
  • Chapter 5: Population, Employment, Migration, and Assimilation

Section Two: The Cloud-Based Financial Economy

Reframing the World Financial System with Individual Financial Intermediaries that Do Not Trigger Contagion Using Digital Money

  • Chapter 6: Digital Money
  • Chapter 7: Growing Pains and Governance Defects
  • Chapter 8: Platforms Pop Up by the Thousands
  • Chapter 9: Macro Effects: Good and Uncertain
  • Chapter 10: A Financial Intermediary That Will Not Fail; and A National Financial System That Will Not Crash(Read Free)
  • Chapter 11: Building Blocks of a New Financial Architecture
  • Chapter 12: Keeping One's Money Safe
  • Chapter 13: Secrecy, Privacy, and Anonymity

Section Three: Broad Implications

Bringing the Cloud-Based World into Constructive Contact with the Traditional World

  • Chapter 14: Traditional and New Systems Alongside Each Other: Coexistence, Not Conflict
  • Chapter 15: Combining Innovations to Align Objectives, Address the Needs of All Individuals, and Transcend National Identity
  • Chapter 16: Decentralization, Anonymity, and Transcending the Nation State
  • Chapter 17: Overlaying Parallel Associations on Traditional Political Entities
  • Epilogue

Featured Chapter

Chapter 10: A Financial Intermediary That Will Not Fail

Discover a radically different model of financial intermediation—decentralized, failure-proof lending platforms designed to avoid systemic risks and contagion effects.

Read Chapter 10 Free

About the Authors

John C. Edmunds

Professor of Finance at Babson College

A renowned expert in financial markets with over 350 published articles and 9 books on finance and investment. Professor Edmunds brings decades of academic research and practical insights to the analysis of emerging financial systems.

Juan Antonio Lillo Paredes

Head of Finance & AI Lab

Professor at Universidad Nacional Mayor de San Marcos, specializing in the intersection of artificial intelligence and financial systems. His contributions bring cutting-edge technology perspectives to the book's analysis.

Who This Book Is For

Ideal for investors, financial professionals, and anyone curious about the future of money

Financial Professionals

Bankers, analysts, and advisors seeking to understand emerging systems

Investors

Those exploring opportunities in fintech and digital assets

Students & Academics

Finance and economics students studying modern financial systems

Entrepreneurs

Fintech founders building the next generation of financial platforms

Frequently Asked Questions

What will I learn from this book?
You will understand how cloud-based financial platforms work, why they can be more stable than traditional banks, and how digital money can expand financial inclusion to billions of underserved people worldwide.
Who is this book for?
This book is ideal for investors, financial professionals, economists, policymakers, fintech entrepreneurs, and anyone curious about the future of money and financial systems.
What topics does the book cover?
The book covers digital money, decentralized lending platforms, financial system stability, platform economics, regulatory considerations, and the coexistence of traditional and new financial systems.
Is this book technical or accessible?
While grounded in economic theory, the book is written for a general audience with clear explanations and real-world examples.
What makes cloud-based finance different?
Cloud-based financial intermediaries don't hold deposits, eliminating the risk of bank runs and contagion that plague traditional banking systems.
Does the book cover cryptocurrency?
Yes, the book discusses digital currencies, stablecoins, and how they fit into the broader picture of cloud-based financial systems.
When is the book available?
TODO: Add availability date and pre-order information.
Where can I purchase the book?
TODO: Add purchase links for Amazon, bookstores, and publisher website.

Ready to Explore the Future of Finance?

Join thousands of readers discovering how cloud-based financial systems are creating new opportunities for prosperity and inclusion worldwide.

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ISBN: 978-3-032-10621-6