It has often been said that e-finance and other developments in the financial market have implications for the central banks. One implication is that central banks would no longer be able to determine the volume of money supply and hence inflation. The opposite position argues that the central...

This paper argues that banks should leverage their knowledge as a resource to offer value added services to their customers. It reports the case of how a vehicle lease company in the Netherlands combines the use of domain knowledge and information technology into an expert system to automate the...

The aim of this paper is to use historical insights from modern commerce as entry points to examine the macro-level phenomena associated with electronic commerce. Commerce in its modern form first appeared in early 13th century Italy where conducive political conditions existed. Trade...

This paper argues that conditions are ripe for the re-invention of a core component of the banking system by having an autonomous institution to house the deposit accounts of individuals and companies. In addition, this institution would own and operate the payment and settlement systems. There...

Many books on the 2008 financial crisis and the current recession focus on the financial sector. Unlike them, this book takes the real economy as the starting point and it situates the downturn within the societal context over the last several decades. Important elements of the story include...