<i>‘While alternative finance, or finance practices outside of banks and markets, have been around for a long time, the 21st century has seen the rise of new forms of fintech-based alternative finance. This book by Franklin Allen and Meijun Qian provides a comprehensive overview and assessment of a wide range of different forms of alternative finance looking at their development from the lens of theory, practice, over time and across countries. The book is a timely, and informative guide for academics, policymakers, and practitioners.’</i>
- Manju Puri, Duke University, US,
<i>‘This book is an outstanding collection of essays on alternative forms of finance – sources of finance outside the traditional boundaries of banks and organized financial markets – written by leading scholars. It covers a breathtaking array of topics, including trade credit, internal capital markets, social relationships, family loans, P2P lending and fintech, as well as the role of culture. Allen and Qian are providing the organizing foundation for a whole field of research that brings together seemingly disparate topics under one unifying umbrella. A must-read!’</i>
- Anjan Thakor, Washington University in St. Louis, US,
Providing a holistic review of alternative finance, this timely Research Handbook emphasizes the development dynamics between financial practices and industry, financial structures, economic considerations and technology development. Chapters examine each individual type of alternative finance and explain their network advantages, such as their responsiveness to cultural structures and business conditions, bringing to light how significant modern developments such as technological advancements may lead to dramatic changes in financial systems. Ultimately, they expand on the great variation of alternative financial practices worldwide.
Balancing theory, practice and policy considerations, this Research Handbook will be essential for academics and researchers pursuing the study of finance, banking, and international business. It will additionally be highly beneficial for policymakers involved in the development of financial systems and financial regulators.