Review Article: Eswar S. Prasad: How the Digital Revolution is Transforming Currencies and Finance

Harald Uhlig ()

Business Economics, 2023, vol. 58, issue 4, No 3, 204 pages

Abstract: Abstract Eswar Presad’s wonderful book, How the Digital Revolution is Transforming Currencies and Finance, expertly lays out the landscape. There are, by and large, two camps. The first sees the technology and instruments as the way of the future: everything is digital. The second sees cryptocurrencies as an instrument of dangerous and destabilizing speculation and as a tool for criminals, or they view CBDC as “a solution in search of a problem.” The situation remains fluid; many of the issues are still to be resolved, but some often mentioned, such as criminal use of cybercurrency and the environmental consequences, may be overemphasized.

Keywords: Cybercurrency; Cryptocurrency; Bitcoin; CBDC; Means of payment (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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DOI: 10.1057/s11369-023-00334-2

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