The concept of money is about to be fundamentally redefined, says Eswar Prasad, the Tolani Senior Professor of Trade Policy at Cornell University.

In a live, virtual Chats in the Stacks book talk on his new book, The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance (Harvard University Press, 2021), Prasad explains how this transformation will impact corporations, banks, states, and individuals. Changes may lead to improvements in efficiency, personalization of services, and market access for the unbanked, but they may also bring instability, lack of accountability, and the erosion of privacy. The Future of Money explains how to maximize the best and prepare against the worst, as businesses, governments, and individuals embrace new financial technologies that have the power to fundamentally change our lives.

Prasad is also a senior fellow at the Brookings Institution and previous chief of the financial studies division in the International Monetary Fund’s research department. A live Q&A will follow the talk. The audience is encouraged to submit their questions in the chat.