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Jonathan McMillan

Money, Credit, and the Digital Revolution

The End of Banking rose to prominence among financial specialists through a cover-story feature in Wilmott Magazine, a Wiley publication targeted at financial experts. Having been presented at various conferences, talks, and lectures in the US, Europe and Africa, the book has also enthralled the blogosphere and the Fintech industry community. Ryan Weeks from AltFi calls it «a trailblazing book», and Emmanuel Marot, the CEO of Lending Robot notes that «this brilliant book is a must read for anyone interested in the future of finance».

THE END OF BANKING explains why a financial system without banking is both desirable and possible in the digital age. It distinguishes itself from other books about the financial crisis of 2007-08 in several ways. First, it reveals the common techniques that underlie all forms of banking - from medieval goldsmiths to today's managers at investment banks. Second, it offers a lucid and accessible account of shadow banking. Third, and critically, it presents a new and intuitive idea of how the financial system must adapt to the digital age.

Jonathan McMillan is a pseudonym for two authors with expertise in economics and finance. One works in the investment banking division of a global bank. He has first-hand insight into the workings of the financial centers of London and New York. The other chose an academic path; he holds an M.Phil. in economics from the University of Cambridge and a Ph.D. in economics from the Swiss Federal Institute of Technology, ETH Zurich. He is currently an economics editor at Neue Zuercher Zeitung, the Swiss newspaper of record.

Available Rights

Language Territory Type Agency Client
German World Book Peter S. Fritz
Fritz AG
Mueller Juerg


8. May 2017, Review
que un sistema financiero sin banca es «posible y deseable»

8. May 2017, Review
que el 80 por ciento de las cosas de banca se puede resolver con un app...

8. May 2017, Review
"Bancos y gobiernos tienen una relación muy estrecha, tanta que ninguno puede dejar caer al otro, y ése es un escenario propicio para la corrupción"

8. May 2017, Review
comment la complexité des opérations financières induite par l'informatisation a perverti le système bancaire

8. May 2017, Review
mit einer einfachen Regel die Kreditvergabe durch Banken und bankenaehnliche Institute zu unterbinden.

8. May 2017, Interview
What would a world without banking look like, and is it a vision worth exploring? Jonathan McMillan says yes.

8. May 2017, Review
The End of Banking», eine Abhandlung ueber das Bankenwesen, die Kreditschoepfung und das Geldsystem

8. May 2017, Review
Das heutige Bankenwesen ist ein historisch gewachsenes Konstrukt aus Staatsgarantien und Regulierungen. Die digitale Revolution hat dieses Konstrukt ins Wanken gebracht. Neue Regeln sind gefragt.

8. May 2017, Review
Banken haben im Zuge der digitalen Revolution ihre Existenzberechtigung verloren.

8. May 2017, Review
Wie soll ein Finanzsystem im digitalen Zeitalter organisiert werden, damit die Realwirtschaft wieder auf effiziente und nachhaltige Weise mit Geld und Kredit versorgt wird?

8. May 2017, Review
Der Sturm, der das Schiff irreparabel beschaedigt hat, war das Grossereignis der letzten dreissig Jahren: die digitale Revolution.

8. May 2017, Review
sogenannte Fintechs, sind oft nicht nur innovativer: Sie profitieren auch davon, dass das Vertrauen in klassische Banken gesunken ist.

8. May 2017, Review
"Banking is no longer needed...Tech allows a new, better financial system."

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