The future of money : how the digital revolution is transforming currencies and finance
(2021)

Nonfiction

Book

Call Numbers:
332.4/PRASAD,E

Availability

Locations Call Number Status
Adult Nonfiction 332.4/PRASAD,E Available

Details

PUBLISHED
Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2021
DESCRIPTION

485 pages : illustrations (black and white) ; 25 cm

ISBN/ISSN
9780674258440, 0674258444, 9780674258440 40030730387
LANGUAGE
English
NOTES

Part I. Setting the stage: Racing to the future -- Money and finance: the basics -- Part II. InnovatIons: Will Fintech save the world? Or at least make it better? -- Bitcoin sets off a revolution, then falters -- Crypto mania -- Part III. Central bank money: The case for central bank digital currencies -- Getting CBDCs off the ground -- Part IV. Implications, challenges: Consequences for the international monetary system -- Central banks run the gauntlet -- A glorious future beckons, perhaps

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