The Second World War was not unrelated to the First, partly owing to the serious errors committed in the 1920s in international relations and monetary policies. The problem of unemployment emerged in all its drama. In the United States economic policy reacted with the New Deal and with a monetary policy appropriate to the new conditions. Economists laboriously rediscovered the problem of effective demand.
Given the wide canvas that FinTech encompasses, I have organised my thoughts on some of the core issues in this area. 2. In general, FinTech stands for financial technology and describes technologically enabled financial innovations.