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
About the Author
Jonathan McMillan is a pseudonym. Behind it stand two authors, both experienced inthe world of economics and finance. One works for a large global bank. To protectthe identity of this author, The End of Banking is published under a pseudonym.The other author is Jürg Müller, who writes as an economics editor for NeueZürcher Zeitung, the Swiss newspaper of record. He holds an M.Phil. ineconomics from the University of Cambridge and a Ph.D. in economics from ETHZurich.
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