000 nam a22 4500
999 _c33217
_d33217
008 240404b xxu||||| |||| 00| 0 eng d
020 _a9780520395268
_chbk.
082 _a332.40905
_bHOL
100 _aHolden, Richard T.
245 _aMoney in the twenty-first century : cheap, mobile, and digital
260 _bUniversity of California,
_c2024
_aOakland :
300 _axiii, 209 p. ;
_bill.,
_c24 cm.
365 _b27.95
_c$
_d86.30
504 _aIncludes bibliographical references and index.
520 _aMoney is increasingly cheap, digital, and mobile. In Money in the Twenty-First Century, economist Richard Holden examines the virtues and risks of low interest rates, mobile money, and cryptocurrencies, and explains how these three elemental forces will continue to play out--in our wallets, on the blockchain, and throughout major economies--in the decades to come. Holden weaves in the stories of three people who have exerted massive influence over the future of modern money: US treasury secretary Janet Yellen, Ethereum cofounder Vitalik Buterin, and Raghuram Rajan, former governor of the Reserve Bank of India and chief economist at the International Monetary Fund. Moving from micro to macro, Holden investigates the infrastructure that permits digital transactions, the currencies that underpin them, the race for control of those currencies, shifts in policy and the international monetary system, and the impact on our politics of money in the digital age. Ultimately, Money in the Twenty-First Century asks if governments can keep these three tectonic powers of low interest rates, mobile money, and decentralized finance under control.
650 _aCashless society
650 _aDigital banking
650 _aGovcoins
650 _aCrypto
650 _aExorbitant privilege
650 _aCheap money
650 _aAsset bubbles
650 _aGovernment finances
650 _aBank
650 _aCryptocurrencies
650 _aLow interest rates
650 _aDigital currency
650 _aMobile money
650 _aBitcoin
650 _aFederal funds rate
650 _aFiat currency
650 _aNetwork externalities
650 _aPrivate digital currency
650 _aReserve currency
650 _aTransactions
650 _aSmart contracts
650 _aTransactions
942 _2ddc
_cBK