"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"--
World Affairs Online
Cover -- Title Page -- Copyright -- Dedication -- Contents -- I. Laying the Bedrock -- 1. Racing to the Future -- 2. Money and Finance: The Basics -- II. Innovations -- 3. Will Fintech Make the World a Better Place? -- 4. Bitcoin Sets Off a Revolution, Then Falters -- 5. Crypto Mania -- III. Central Bank Money -- 6. The Case for Central Bank Digital Currencies -- 7. Getting Central Bank Digital Currencies Off the Ground -- IV. Ramifications -- 8. Consequences for the International Monetary System -- 9. Central Banks Run the Gauntlet -- 10. A Glorious Future Beckons, Perhaps -- Notes -- References -- Acknowledgments -- Credits -- Index.
"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"--
"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"--
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