This event is co-sponsored with the CFA Society New York, the Gabelli Center for Global Security Analysis, and the Museum of American Finance.
Governments bailed out the very institutions that let the economy down, spurring a serious rethink of our financial system. Does it make any sense that it takes two days to settle a stock transaction? Why do retailers, operating on razor-thin margins, have to pay 3% for every customer credit card swipe? Why does it take two days to transfer money from a bank account to a brokerage—or any other company? Why are savings rates minuscule or negative? Why is it so difficult for entrepreneurs to get financing at traditional banks?
In DeFi and the Future of Finance, Campbell R. Harvey, Ashwin Ramachandran, and Joey Santoro introduce the new world of decentralized finance. The book argues that the current financial landscape is ripe for disruption and we are seeing, in real time, the reinvention of finance.
Copies of DeFi and the Future of Finance will be raffled off to attendees.