Future of Money - How the Digital Revolution Is Transforming Currencies and Finance

New technologies are shaking the foundations of traditional finance. Leading economist Eswar Prasad foresees the end of cash, as central banks develop their own digital currencies to compete with Bitcoin and Meta's Diem. Money and finance are on the verge of dramatic transformations that will reshape their roles in the lives of ordinary people.

About the author

Eswar S. Prasad is the Tolani Senior Professor of Trade Policy and Professor of Economics at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a research associate at the National Bureau of Economic Research. He is the author of Gaining Currency: The Rise of the Renminbi and The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance.

Summary

New technologies are shaking the foundations of traditional finance. Leading economist Eswar Prasad foresees the end of cash, as central banks develop their own digital currencies to compete with Bitcoin and Meta’s Diem. Money and finance are on the verge of dramatic transformations that will reshape their roles in the lives of ordinary people.

Product details

• Authors: Eswar S. Prasad, Prasad Eswar S.
• Publisher: Harvard University Press
• Languages: English
• Product format: Paperback / Softback
• Released: 01.09.2023
• EAN: 9780674293892
• ISBN: 978-0-674-29389-2
• No. of pages: 496
• Subjects: Social sciences, law, business > Business > Economics; BUSINESS & ECONOMICS / E-Commerce / General, BUSINESS & ECONOMICS / Money & Monetary Policy, BUSINESS & ECONOMICS / Banks & Banking, Banking, BUSINESS & ECONOMICS / Corporate Finance / General, TECHNOLOGY & ENGINEERING / Social Aspects, Corporate Finance, Popular economics, E-commerce: business aspects, Impact of science & technology on society, Monetary Economics, Impact of science and technology on society, Distributed databases, COMPUTERS / Blockchain