MARC details
| 000 -LEADER |
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| fixed length control field |
03824naaaa2200589uu 4500 |
| 001 - CONTROL NUMBER |
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| control field |
https://directory.doabooks.org/handle/20.500.12854/78600 |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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| control field |
20220714191333.0 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| International Standard Book Number |
9780262361194 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| International Standard Book Number |
9780262539876 |
| 041 0# - LANGUAGE CODE |
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| Language code of text/sound track or separate title |
English |
| 042 ## - AUTHENTICATION CODE |
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| Authentication code |
dc |
| 072 #7 - SUBJECT CATEGORY CODE |
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| Subject category code |
KFFL |
| Source |
bicssc |
| 072 #7 - SUBJECT CATEGORY CODE |
|---|
| Subject category code |
UDBM |
| Source |
bicssc |
| 072 #7 - SUBJECT CATEGORY CODE |
|---|
| Subject category code |
UYFP |
| Source |
bicssc |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Townsend, Robert M. |
| Relator code |
auth |
| 9 (RLIN) |
579221 |
| 245 10 - TITLE STATEMENT |
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| Title |
Distributed Ledgers : Design and Regulation of Financial Infrastructure and Payment Systems |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc |
Cambridge |
| Name of publisher, distributor, etc |
The MIT Press |
| Date of publication, distribution, etc |
2020 |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
1 electronic resource (240 p.) |
| 506 0# - RESTRICTIONS ON ACCESS NOTE |
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| Terms governing access |
Open Access |
| Source of term |
star |
| Standardized terminology for access restriction |
Unrestricted online access |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
An economic analysis of what distributed ledgers can do, examining key components and discussing applications in both developed and emerging market economies. Distributed ledger technology (DLT) has the potential to transform economic organization and financial structures. In this book, Robert Townsend steps back from the hype and controversy surrounding DLT (and the related, but not synonymous, innovations of blockchain and Bitcoin) to offer an economic analysis of what distributed ledgers can do and a blueprint for the optimal design and regulation of financial systems. Townsend examines the key components of distributed ledgers, discussing, evaluating, and illustrating each in the context of historical and contemporary economies, reviewing featured applications in both developed economies and emerging-market countries, and indicating where future innovations can have large impact. Throughout, Townsend emphasizes the general equilibrium impact of DLT innovations, the welfare gains from these innovations, and related regulatory innovations. He analyzes four crucial components of distributed ledgers-ledgers as accounts, e-messages and e-value transfers, cryptography, and contracts-assessing each in terms of both economics and computer science, and forges some middle ground. Relatedly, Townsend highlights hybrid systems in which some of these components allow useful innovation while legacy or alternative pieces deal with the problem of scale. The specific applications he analyzes include an intelligent financial automated system that provides financial services to unbanked and under-banked populations, and cross-border payments systems, including financial systems that can integrate credit and insurance with clearing and settlement. Finally, Townsend considers cryptocurrencies, discussing the role and value of tokens in economies with distributed ledger systems. |
| 540 ## - TERMS GOVERNING USE AND REPRODUCTION NOTE |
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| Terms governing use and reproduction |
Creative Commons |
| -- |
by-nc-nd/4.0 |
| -- |
cc |
| -- |
http://creativecommons.org/licenses/by-nc-nd/4.0 |
| 546 ## - LANGUAGE NOTE |
|---|
| Language note |
English |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Credit & credit institutions |
| Source of heading or term |
bicssc |
| 9 (RLIN) |
921402 |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Online finance & investing |
| Source of heading or term |
bicssc |
| 9 (RLIN) |
1614064 |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Parallel processing |
| Source of heading or term |
bicssc |
| 9 (RLIN) |
1193451 |
| 653 ## - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Bitcoin |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
blockchain |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
distributed ledgers |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
distributed ledger technology |
| 653 ## - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
DLT |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
decentralization |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
smart contracts |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
tokens |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
currency |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
cashless economy |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
e-money |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
payment system |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Encryption |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
proof of work |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
proof of stake |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Ethereum |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Libra |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Ripple |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Stellar |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
Algorand |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
central banks |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
mechanism design |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
algorithmic digital reserve bank |
| 653 ## - INDEX TERM--UNCONTROLLED |
|---|
| Uncontrolled term |
Townsend Thai project |
| 856 40 - ELECTRONIC LOCATION AND ACCESS |
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| Host name |
www.oapen.org |
| Uniform Resource Identifier |
<a href="https://doi.org/10.7551/mitpress/13382.001.0001">https://doi.org/10.7551/mitpress/13382.001.0001</a> |
| -- |
0 |
| Public note |
DOAB: download the publication |
| 856 40 - ELECTRONIC LOCATION AND ACCESS |
|---|
| Host name |
www.oapen.org |
| Uniform Resource Identifier |
<a href="https://directory.doabooks.org/handle/20.500.12854/78600">https://directory.doabooks.org/handle/20.500.12854/78600</a> |
| -- |
0 |
| Public note |
DOAB: description of the publication |
