Navigating the new currency landscap

In ‘The Future of Money’, Eswar S Prasad explains how the concept of money is evolving due to technology and the impact it will have on global economics and monetary systems.

The concept of money is evolving. Emerging technologies and digital algorithms are reshaping money's traditional roles, breaking them into new forms. Privately issued currencies compete with government-issued fiat money, impacting central banks, nations, large corporations, and even ordinary people.