The Future of Money

Eswar S. Prasad

The Future of Money

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18min

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What is money? What exactly do banks do? In The Future of Money, Eswar Prasad explains the key financial concepts surrounding the currencies that govern traditional markets, and analyses the possibilities the current digital revolution offers, from cryptocurrencies to Central Bank Digital Currencies (CBDCs).

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Analysis and key concepts

01.

From coins to digital currencies: the end of money as we know it

02.

Technological innovation and growing mistrust of traditional finance will lead to a revolution in the markets

03.

Money is a much broader concept than we might think

04.

Banks are the main players in the management of a financial system

05.

Kickstarter is an example of successful FinTech

06.

The advent of Bitcoin has ushered in a new era

07.

The future of crypto will be based on Ethereum and smart contracts

08.

CBDCs are official digital currencies that belong to central banks, and are still in the course of development

09.

What will become of the dollar? Will there be a new currency to replace it?

10.

Quotes

11.

Take-home message

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Many useful tips to:

  • Understand the economic principles that govern the circulation of traditional currencies.
  • Learn more about cryptocurrencies.
  • Discover future developments in international macroeconomics.
  • Analyse the current changes in the financial market.

Eswar S. Prasad is an Indian-American economist, professor, writer, and consultant. During his career, he has headed divisions in major global organisations, including the International Monetary Fund, and has featured as an expert in newspapers, such as The New York Times and BBC television programmes. In 2021, he published the latest in a series of successful books, The Future of Money, which summarises his research in his specialist field of macroeconomic theory.

Publishing house:

Belknap Pr

Year:

2021

Pages:

496

ISBN:

978-0674258440