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_c33217 _d33217 |
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020 |
_a9780520395268 _chbk. |
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082 |
_a332.40905 _bHOL |
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100 | _aHolden, Richard T. | ||
245 | _aMoney in the twenty-first century : cheap, mobile, and digital | ||
260 |
_bUniversity of California, _c2024 _aOakland : |
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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 |