The financial metaverse: tokens, derivatives and other synthetic assets
- Cham Palgrave Macmillan 2024
- xxi, 263 p.
Table of content: Financial Metaverse: Trading Tokens, Derivatives and Other Digital Twins Albin Spinner Pages 1-13 Market Finance Albin Spinner Pages 15-61 Synthetic Assets Play a Standardisation Role Albin Spinner Pages 63-105 The Economics of Financial Infrastructure Albin Spinner Pages 107-143 The Motivations of Synthetic Assets Albin Spinner Pages 145-198 Convention for Valuation Albin Spinner Pages 199-238 Back Matter Pages 239-263
Derivative trading? That's something for Wall Street types, right? Maybe, but it also affects everyone else in ways that are still little appreciated. Futures traders have paralysed the global trade of nickel, a key component in the battery of your neighbour’s Tesla. For a few minutes one trading day during the pandemic, sellers of crude oil were paying buyers to take the stuff, defying the very notion of trading, in an episode straight out of “Alice in Wonderland”.
Understanding how this obscure corner of finance works (and what happens when it doesn't) is a key pillar of financial literacy today. If you are a financial markets practitioner, everyday investor, academic, regulator, policy maker or kitchen-table economist, you need to know how financial derivatives really work and be aware of the emerging digital innovations that makes this market the highest stake metaverse.