Cover: The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance, from Harvard University PressCover: The Future of Money in HARDCOVER

The Future of Money

How the Digital Revolution Is Transforming Currencies and Finance

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Product Details


$35.00 • £28.95 • €31.50

ISBN 9780674258440

Publication Date: 09/21/2021


446 pages

6-1/8 x 9-1/4 inches

17 photos, 8 illus.

Belknap Press


In The Future of Money, Eswar Prasad explains how technology will impact everything financial, from what money will look like to peer-to-peer lending, central banking, and cross-border capital flows. In lucid prose, Prasad explains to the intelligent layperson how exactly Bitcoin works and whether a digital renminbi could challenge the U.S. dollar. If you are looking for an insightful and comprehensive guide to how monetary finance might change, look no further.—Raghuram G. Rajan, Professor of Finance at the University of Chicago Booth School of Business, former Chief Economist of the International Monetary Fund, and former Governor of the Reserve Bank of India

Money shapes economies, economies shape nations, nations shape history. It follows that the future of money is profoundly important. Here is a definitive report on where we are and where we are going.—Lawrence H. Summers, Charles W. Eliot Professor and President Emeritus, Harvard University

Drawing on his extensive policymaking experience and insights as one of the leading macroeconomists, Eswar Prasad in The Future of Money provides a comprehensive account of the economic, social, and technological issues that will determine how we save, invest, buy, and sell in the future.—Mark Carney, former Governor of the Bank of England

In The Future of Money, Eswar Prasad has produced a single-volume masterpiece with all one needs to know about an amazing upcoming turning point in monetary policy. He shows that Central Bank Digital Currency may appear to be a digital store of value, unit of account, and medium of exchange, but if we follow his sensible advice and heed his warnings of over-regulation and fear, it will be much more—a genuine help to the poor and a gateway to global stability without the damaging monetary calamities that have created havoc throughout history. Encyclopedic and carefully researched, the book is packed with many valuable, easy-to-understand examples.—John B. Taylor, Stanford University

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