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

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Transformative insights into digital currency's future.

If you're someone who's fascinated by the rapid changes in our financial systems, "The Future of Money" by Eswar Prasad might just be the engaging read you need. It doesn't just tackle cryptocurrencies; it delves into the broader spectrum of digital transformation in finance. Imagine understanding the next steps for our economies, how to potentially benefit from them, and the risks they carry. Prasad's clear vision makes this complex subject accessible, possibly altering your perspective on money and its role in our future society.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
New

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

Regular price ₱589.05
Unit price
per
ISBN: 9780674258440
Authors: Eswar S. Prasad
Date of Publication: 2021-09-21
Format: Hardcover
Related Collections: Science, Politics, Business, Economics
Goodreads rating: 3.83
(rated by 644 readers)

Description

A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think we’ve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar S. Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force won’t be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of
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Transformative insights into digital currency's future.

If you're someone who's fascinated by the rapid changes in our financial systems, "The Future of Money" by Eswar Prasad might just be the engaging read you need. It doesn't just tackle cryptocurrencies; it delves into the broader spectrum of digital transformation in finance. Imagine understanding the next steps for our economies, how to potentially benefit from them, and the risks they carry. Prasad's clear vision makes this complex subject accessible, possibly altering your perspective on money and its role in our future society.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.