The Future of Money
How the Digital Revolution Is Transforming Currencies and Finance
Author
The Future of Money
How the Digital Revolution Is Transforming Currencies and Finance
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- Gain a clear understanding of how digital currencies and financial technologies are transforming traditional banking.
- Insights into the potential benefits and risks of cryptocurrencies and central bank digital currencies (CBDCs).
- Learn about innovations that promote access to financial services for the unbanked.
- Be better prepared to navigate the evolving landscape of money and finance, ensuring you stay ahead.
Drawing on his extensive policymaking experience and insights as one of the leading macroeconomists, Eswar Prasad in The Future of Money provides a comprehensive account of the economic, social, and technological issues that will determine how we save, invest, buy, and sell in the future.
— Mark Carney, former Governor of the Bank of England
The Future of Money is a pivotal read for anyone interested in understanding how financial landscapes are evolving due to technological advancements. Prasad’s expertise as a macroeconomist informs his analysis, making complex topics accessible to a broad audience.
What Readers Will Learn
- Understanding Digital Currencies: Readers will gain insights into how cryptocurrencies operate and their implications for traditional finance.
- The Role of Central Banks: The book elucidates the potential benefits and risks associated with CBDCs, providing a nuanced view of their impact on monetary policy.
- Financial Inclusion: It discusses how new technologies can improve access to financial services for unbanked populations.
- Future Trends: Prasad outlines potential future scenarios for money, encouraging readers to consider how these changes might affect their lives.
In summary, The Future of Money serves as both a guide and a warning about the rapid changes occurring in finance today. Eswar S. Prasad provides readers with a roadmap to navigate this evolving landscape while highlighting the importance of thoughtful policy-making in response to these innovations.
Year Published
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ISBN 10
ISBN 13
The book: "The Future of Money" Is perfect for:
- Finance Professionals: Those working in banking or investment sectors looking to understand emerging trends in finance.
- Policymakers: Individuals involved in shaping economic policies will find valuable insights into the implications of digital currencies.
- General Readers: Anyone curious about the future of money and its societal impact will appreciate Prasad’s engaging writing style and comprehensive analysis.
Meet the author
Author biography
Eswar S. Prasad is the Tolani Senior Professor of Trade Policy at Cornell University and a Senior Fellow at the Brookings Institution. He holds a Ph.D. from the University of Chicago and previously served as the head of the IMF’s China Division. Prasad is a renowned expert in international economics, with a focus on emerging markets, particularly China and India. His extensive research has been published in top academic journals and cited in the U.S. Congressional Record. Prasad is the author of several influential books, including “The Future of Money: How the Digital Revolution is Transforming Currencies and Finance,” which was named one of the best economics books of 2021 by The Economist. He has testified before U.S. Senate and House committees and is a frequent contributor to major media outlets. Prasad’s work on global economic issues has earned him recognition as a leading voice in international finance. He currently resides in Ithaca, New York, where he continues to shape economic discourse through his research, writing, and teaching.
Book testimonials
For anyone who really wants to understand how [Bitcoin] works in all its technical splendor, there is no better introduction.
— Benjamin J. Cohen, Project Syndicate
Prasad’s book is the best on the topic so far. In particular, it provides the most complete description of issues and factors that will shape the future of money. Everyone with limited time wanting to have a deeper understanding of money in the 21st century, should read this book.
— Daniel Heller, Central Banking
Prasad aims to pull together some of the threads about bitcoin and such like to set out a big picture on money…Prasad’s helpful discussion of the pressures on, and options available to, central banks was illuminating. I found his framing of the ways in which these new technologies simultaneously make regulation both easier and more difficult interesting.
— David Birch, “Financial World”
In The Future of Money Eswar Prasad explains how technology will impact everything financial, from what money will look like to peer-to-peer lending, central banking, and cross-border capital flows. In lucid prose, Prasad explains to the intelligent layperson how exactly Bitcoin works and whether a digital renminbi could challenge the US dollar. If you are looking for an insightful and comprehensive guide to how monetary finance might change, look no further.
— Raghuram G. Rajan, Professor of Finance at the University of Chicago Booth School of Business
A strength of [Prasad’s] analysis is his mastery of both technical details and big-picture trade-offs…As it loses physical form, money’s meaning will become ever harder to grasp. This book explores the economic and social effects of that upheaval, giving shape to this most abstract of concepts.
— The Economist