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The Future of Money
- How the Digital Revolution Is Transforming Currencies and Finance
- Narrated by: Stephen R. Thorne
- Length: 19 hrs and 46 mins
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Publisher's Summary
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.
What listeners say about The Future of Money
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- SANJAY THAKUR
- 25-06-22
Brilliant Book
Prof Prasad has narrated the intriguing world of evolving finance .Displacement or co-existence continues to remain in the court of the jury but de-fi is a reality with tremendous benefit provided globally coordinated effort to create solution which is inclusive and free from bad actors of economy and politics .Must read for anyone curious to understand nuances and evolution of money and rapidly changing technological evolution which is clearly creating new frontiers to redefine economy and humanity .👍👍👍🙏🙏🙏
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- Adityanarayanan
- 29-12-21
Outstanding book on how money will shape in 2021.
Amazing narration, great content and outstanding research are the highlights of this book. A must for anyone wanting to know the nitty gritty about cryptos, fx, monetary policy and mutual working.
Will listen to it again.
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