Description: New technologies are shaking the foundations of traditional finance. Leading economist Eswar Prasad foresees the end of cash, as central banks develop their own digital currencies to compete with Bitcoin and Meta's Diem. Money and finance are on the verge of dramatic transformations that will reshape their roles in the lives of ordinary people.
Brief description: Eswar S. Prasad is the Tolani Senior Professor of Trade Policy and Professor of Economics at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a research associate at the National Bureau of Economic Research. He is the author of Gaining Currency: The Rise of the Renminbi and The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance.
Review Quotes: 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" (10/2/2021 12:00:00 AM)