The concept of money is about to be fundamentally redefined, says Eswar Prasad, the Tolani Senior Professor of Trade Policy at Cornell University.
In a live, virtual Chats in the Stacks book talk on his new book, The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance (Harvard University Press, 2021) Prasad, also a senior fellow at the Brookings Institution and previous chief of the Financial Studies Division in the International Monetary Fund's Research Department, will explain how this transformation will come to impact corporations, banks, states, and individuals. Anticipated changes may lead to improvements in efficiency, individualization of services, and market access for the unbanked, but perhaps also instability, lack of accountability, and the erosion of privacy. The Future of Money shows how to maximize the best and guard against the worst as businesses, governments and individuals embrace the possibilities of new financial technologies, and in so doing fundamentally change how we all live our lives.
A live Q&A will follow the talk. The audience is encouraged to write their questions into the Chat field for inclusion during this session.