{"title":"Eswar S. Prasad","description":"\u003cp\u003eEswar S. Prasad delves into the complexities of global economics and finance with clarity and insight. His works, such as \u003cem\u003eThe Doom Loop\u003c\/em\u003e and \u003cem\u003eThe Future of Money\u003c\/em\u003e, explore the evolving landscape of monetary policy, digital currency, and economic challenges that shape our world.\u003c\/p\u003e\n\n\u003cp\u003eReaders can expect thoughtful analysis that bridges economic theory with real-world application, making Prasad’s books essential for those interested in understanding contemporary economic dynamics and their broader implications.\u003c\/p\u003e","products":[{"product_id":"the-future-of-money-by-eswar-s-prasad-9780674293892","title":"The Future of Money","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e\u003cstrong\u003eAn \u003ci\u003eEconomist\u003c\/i\u003e Book of the Year\u003cbr\u003eA \u003ci\u003eFinancial Times\u003c\/i\u003e Book of the Year\u003cbr\u003eA \u003ci\u003eForeign Affairs\u003c\/i\u003e Book of the Year\u003cbr\u003eA \u003ci\u003eProMarket\u003c\/i\u003e Book of the Year\u003cbr\u003eOne of \u003ci\u003eThe Week\u003c\/i\u003e's Ten Best Business Books of the Year\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cp\u003e\"A road map for money managers, market strategists, and others seeking to understand this new world.\" — \u003ci\u003eBarron's\u003c\/i\u003e\u003c\/p\u003e\n\n\u003cp\u003e\"Money shapes economies, economies shape nations, nations shape history. It follows that the future of money is profoundly important. Here is a definitive report on where we are and where we are going.\" — Lawrence H. Summers, former Secretary of the Treasury\u003c\/p\u003e\n\n\u003cp\u003e\"Prasad manages to make the financial system intelligible and interesting without resorting to shortcuts and exaggeration. Previous overhauls mainly improved existing systems, he notes. The end of cash—likely within a decade or two—is revolutionary.\" — \u003ci\u003eThe Economist\u003c\/i\u003e\u003c\/p\u003e\n\n\u003cp\u003eThe world of finance is on the cusp of a major disruption that will affect corporations, bankers, states—indeed, all of us. As Eswar Prasad makes clear, the end of physical cash will fundamentally rewrite how we live. Bitcoin, Ethereum, and other cryptocurrencies are just the beginning: spurred by their emergence, central banks will increasingly develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve dramatically as global corporations like Facebook, Apple, and Amazon join the game.\u003c\/p\u003e\n\n\u003cp\u003ePrasad shows how these innovations will redefine the very concept of money, unbundling its traditional functions. This transformation promises greater efficiency and flexibility, but also carries the risk of instability, lack of accountability, and erosion of privacy. A lucid, visionary work, \u003ci\u003eThe Future of Money\u003c\/i\u003e shows how to maximize the best and guard against the worst of what is to come.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":47363111551212,"sku":"9780674293892","price":44.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/1440803482428.jpg?v=1772914114"},{"product_id":"the-future-of-money-by-eswar-s-prasad-9780674258440","title":"The Future of Money","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e\u003cstrong\u003eA cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse.\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cp\u003eWe think we've seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live.\u003c\/p\u003e\n\n\u003cp\u003eAbove all, Prasad foresees the end of physical cash. The driving force won't be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk.\u003c\/p\u003e\n\n\u003cp\u003ePrasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, \u003cem\u003eThe Future of Money\u003c\/em\u003e shows how to maximize the best and guard against the worst of what is to come.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":47428256923884,"sku":"9780674258440","price":71.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9780674258440.jpg?v=1774497334"},{"product_id":"the-doom-loop-by-eswar-s-prasad-9781805265498","title":"The Doom Loop","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e\u003cstrong\u003eGlobal institutions have failed to adapt to today's political-economic realities. What went wrong, and how can we reverse our descent into chaos?\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cp\u003eThe United States is no longer the world's undisputed superpower. China and India increasingly flex their economic muscle, as the West's share of global GDP steadily declines and America's rules-based system risks becoming irrelevant. In business, competition brings efficiency, balance, and innovation, but not in the marketplace for global power.\u003c\/p\u003e\n\n\u003cp\u003eAcclaimed economist Eswar S. Prasad argues that the very forces expected to stabilise the world order are fueling disarray. Globalisation has deepened inequality in many countries, stoked political backlash, and triggered trade wars. Economic institutions like the IMF and WTO are no longer fit for purpose. The rise of 'middle powers' like South Africa, Brazil, and Indonesia once suggested multipolar stability; but today, such economies are forced to pick sides in the intensifying US-China struggle for hegemony.\u003c\/p\u003e\n\n\u003cp\u003ePrasad's clear-eyed, bracing prose contends that we are caught in a destructive feedback loop between economics, domestic politics, and geopolitics. With instability the new status quo, we need radical solutions to reinvigorate the world economy, prioritise common aspirations, and halt the downward spiral.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003ePraise for \u003cem\u003eThe Future of Money\u003c\/em\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003e'A road map for money managers, market strategists, and others seeking to understand this new world.' \u003c\/strong\u003e\u003cem\u003eBarron's\u003c\/em\u003e\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003e'Money shapes economies, economies shape nations, nations shape history. It follows that the future of money is profoundly important. Here is a definitive report on where we are and where we are going.' \u003c\/strong\u003eLawrence H. Summers, former Secretary of the Treasury\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003e'Prasad manages to make the financial system intelligible and interesting without resorting to shortcuts and exaggeration... Previous overhauls mainly improved existing systems, he notes. The end of cash—likely within a decade or two—is revolutionary.' \u003c\/strong\u003e\u003cem\u003eEconomist\u003c\/em\u003e\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":47773163749612,"sku":"9781805265498","price":57.99,"currency_code":"NZD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9781805265498-the-doom-loop.jpg?v=1782183715"}],"url":"https:\/\/bookhero.pro\/collections\/eswar-s-prasad.oembed","provider":"Book Hero","version":"1.0","type":"link"}