Money In Crisis: The Return of Instability and the Myth of Digital Cash

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Ignazio Angeloni (Harvard University, Massachusetts) Daniel Gros (Centre for European Policy Studies)

Money In Crisis

The Return of Instability and the Myth of Digital Cash

Ignazio Angeloni (Harvard University, Massachusetts), Daniel Gros (Centre for European Policy Studies)

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English

Cambridge University Press
12 June 2025

Macroeconomics; Finance

Summary
Details

From its origins in ancient Mesopotamia, through the advent of coinage in ancient Greece and Rome and the invention of paper currency in medieval China, the progress of finance and money has been driven by technological developments. The great technological change of our age in relation to money centres on the creation of digital money and digital payment systems. Money in Crisis explains what the digital revolution in money is, why it matters and how its potential benefits can be realized or undermined. It explores the history, theory and evolving technologies underlying money and warns us that money is in crisis: under threat from inflation, financial instability, and digital wizardry. It discusses how modern forms of digital money (crypto, central bank digital currencies) fit into monetary history and explains the benefits and risks of recent innovations from an economic, political, social and cultural viewpoint.

By: Ignazio Angeloni (Harvard University Massachusetts), Daniel Gros (Centre for European Policy Studies)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 229mm, Width: 152mm, Spine: 20mm
Weight: 549g
ISBN: 9781009390132
ISBN 10: 1009390139
Pages: 380
Publication Date: 12 June 2025
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active