Category: Finance

Money and the Financial System

This chapter introduces the financial system. Students will learn the purpose of financial markets and its relationship to financial institutions. Financial institutions connect the savers to the borrowers through financial intermediation. At the...

Determining the settings where the Internet of Things will create impact

In reviewing nearly 300 IoT applications, we discovered that using only a conventional approach to categorizing the potential impact by vertical industry markets—such as automotive or consumer electronics—made it more difficult to...

Where is the value potential of the Internet of Things?

The Internet of Things has the potential to fundamentally shift the way we interact with our surroundings. The ability to monitor and manage objects in the physical world electronically makes it possible...

THE INTERNET OF THINGS: MAPPING THE VALUE BEYOND THE HYPE

By blending physical and digital realms, the Internet of Things (IoT) vastly expands the reach of information technology. The myriad possibilities that arise from the ability to monitor and control things in...

Defining the Internet of Things

We define the Internet of Things as sensors and actuators connected by networks to computing systems. These systems can monitor or manage the health and actions of connected objects and machines. Connected...

Money, Banking, and International Finance

Economists use liquidity to define money. Liquidity is people can easily convert an asset into cash with little transaction costs. For example, if you take all your assets and list them in...

6 Areas of Personal Finance to Focus On

Your finances are a part of your life that you’ll need to manage constantly. But doing so can be overwhelming, and the work to do can be hard to prioritize. Before you...

ENTERTAINMENT MEDIA IS SPECIAL

As noted earlier, this book is not equipped to answer at least the second part of the question posed in the title of this chapter, namely, whether we need a separate psychology...
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