Book & podcast collection

DeFi and the Future of Finance

byCampbell Harvey

Finance professor Campbell Harvey introduces decentralized finance, or DeFi, as an effort to rebuild financial services through public blockchains and programmable smart contracts. He explains stablecoins, decentralized exchanges, lending protocols, tokenization, governance, and the economic incentives that allow users to transact without traditional intermediaries. The book contrasts potential gains in access, transparency, and efficiency with vulnerabilities involving software bugs, leverage, fraud, regulation, and unstable collateral. Harvey presents DeFi as an evolving financial architecture rather than a single product, helping readers evaluate which functions are genuinely new and which risks reappear in digital form.

Publisher

Wiley & Sons, Limited, John

Publication date

2021

Format

Print edition

Pages

208

ISBN

9781119836018