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Eswar S. Prasad

The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance

The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance

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  • More about The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance

The Future of Money by Eswar Prasad is a comprehensive report on the future of finance, which will affect corporations, bankers, states, and all of us. It explains how Bitcoin, Ethereum, and other cryptocurrencies will rewrite how we live, while central banks will develop their own digital currencies. Prasad shows how these innovations will redefine the concept of money, but also carry the risk of instability, lack of accountability, and erosion of privacy.

Format: Paperback / softback
Length: 496 pages
Publication date: 05 September 2023
Publisher: Harvard University Press


The world of finance is on the cusp of a major disruption that will affect corporations, bankers, states—indeed, all of us. As Eswar Prasad makes clear, the end of physical cash will fundamentally rewrite how we live. Bitcoin, Ethereum, and other cryptocurrencies are just the beginning: spurred by their emergence, central banks will increasingly develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve dramatically as global corporations like Meta, Apple, and Amazon join the game. Prasad shows how these innovations will redefine the very concept of money, unbundling its traditional functions. This transformation promises greater efficiency and flexibility, but also carries the risk of 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.

The world of finance is on the cusp of a major disruption that will affect corporations, bankers, states—indeed, all of us. As Eswar Prasad makes clear, the end of physical cash will fundamentally rewrite how we live. Bitcoin, Ethereum, and other cryptocurrencies are just the beginning: spurred by their emergence, central banks will increasingly develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve dramatically as global corporations like Meta, Apple, and Amazon join the game. Prasad shows how these innovations will redefine the very concept of money, unbundling its traditional functions. This transformation promises greater efficiency and flexibility, but also carries the risk of 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.

Weight: 560g
Dimension: 156 x 236 x 37 (mm)
ISBN-13: 9780674293892

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