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Copy Link Here : https://tanambijiqurma.blogspot.com/?koora=0674258444 Book Synopsis : An Economist Best Book of the Year A Financial Times Best Book of the Year A ProMarket Best Political Economy Book of the Year One of The Week’s Ten Best Business Books of the Year 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 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 m
Copy Link Here : https://tanambijiqurma.blogspot.com/?koora=0674258444
Book Synopsis :
An Economist Best Book of the Year
A Financial Times Best Book of the Year
A ProMarket Best Political Economy Book of the Year
One of The Week’s Ten Best Business Books of the Year
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 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 m
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The Future of Money: How the Digital Revolution
Is Transforming Currencies and Finance by Eswar
S. Prasad
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Product details
Publisher : Belknap Press: An Imprint of Harvard University Press (September 21, 2021)
Language : English
Hardcover : 496 pages
ISBN-10 : 0674258444
ISBN-13 : 978-0674258440
Item Weight : 2.03 pounds
Dimensions : 6.5 x 1.75 x 9.5 inches
Best Sellers Rank: #4,894 in Books (See Top 100 in Books)
#6 in Social Aspects of Technology
#9 in Banks & Banking (Books)
#10 in Digital Currencies
Customer Reviews:
4.6 out of 5 stars 77 ratings
Description :
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 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 diverse consumers, and
improved market access for the unbanked. The risk is instability, lack of
accountability, and erosion of privacy. A lucid, visionary work, shows how to
maximize the best and guard against the worst of what is to come.
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