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Financial innovation is underway around the globe, as businesses and governments alike in developing, middle income and advanced economies/countries 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. He foresees the end of physical cash driven by central banks seeking to develop their own, more stable digital currencies in response to the emergence of cryptocurrencies. The transformation of money will fundamentally rewrite how ordinary people live and revolutionize how we invest, trade, insure, and manage risk. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.
Erwar 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 was previously chief of the Financial Studies Division in the International Monetary Fund’s Research Department. He is the creator of the Brookings Financial Times world index (TIGER: Tracking Indices for the Global Economic Recovery)
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. His extensive publication record includes articles in more than 10 top academic journals, he has made frequent appearances on BBC, Bloomberg, CNBC, Fox NBC NPR, PBS and others., and he is extensively cited in prominent media outlets including Economist, Financial Times, Forbes, International Herald Tribune, New York Times, Wall Street Journal, Washington Post, and USA Today.
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