000			02480nam a22002297a 4500
003			JGU
005			20250209020015.0
008			230206b |||||||| |||| 00| 0 eng d
020			_a9780674272224 _qhbk.
040			_beng _cJGU
041			_aeng
100			_aPrasad, Eswar S., _91638557 _eauthor
245			_aThe future of money : _bhow the digital revolution is transforming currencies and finance / _cEswar S. Prasad
260			_aCambridge : _bThe Belknap Press of Harvard University Press, _c2021.
520			_a"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 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, The Future of Money shows how to maximize the best and guard against the worst of what is to come."--
650			_aDigital currency _995896
650			_aBanks and banking, Central _933972
650			_aInternational finance
999			_c3053507 _d3053507