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Centre for Finance and Development
16 February 2022

IMF F&D podcast: Eswar Prasad on Central Bank Digital Currencies, stablecoins and the future of money

Is cash destined to simply wither away? Is it likely that cryptocurrencies like stablecoins or Bitcoin will be used in everyday transactions? Why are central banks contemplating issuing digital versions of their currencies, essentially Central Bank Digital Currencies (CBDCs)? What risks do they pose?

 Eswar Prasad_The Future of Money_Cover_200   Eswar Prasad_Picture_303

Eswar Prasad is the Tolani Senior Professor of Economics and Trade Policy at Cornell University and a Senior Fellow at Brookings Institution.

In his latest book, The Future of Money, Professor Prasad looks at a world, not that far off, where using cash will no longer be an option. He describes how digital currencies and other financial technologies are reshaping everything from consumer banking to monetary policy and international payments.

In this podcast (February 15, 2022), Eswar Prasad discusses his new book with Finance and Development Magazine editor Chris Wellisz.

LISTEN to Eswar Prasad    more IMF F&D podcasts

 

Eswar Prasad at the Graduate Institute Geneva

 

The Graduate Institute's Centre for Finance and Development (CFD) had the great pleasure to welcome Prof. Eswar Prasad as the Keynote Speaker of its 2014 Annual Conference on The Internationalisation of the Renminbi, held at the Graduate Institute Geneva on 17 October 2014. The Conference included the five following sessions:
(i)    Domestic implications
With Prof. Jean-Louis Arcand (CFD), Prof. Huang Yi (IHEID), Qing Wu (State Council of China, Beijing), Jiazhi Chen Seiler (Julius Bär), and Hui Yan (IHEID).
(ii)    Are Markets Ready for the RMB?
With Prof. Ugo Panizza (CFD), Alicia Garcia-Herrero (BBVA, Hong Kong), Gero Jung (Mirabaud), Raoul Wuergler (Swiss Association of Foreign Banks), Patrick Zweifel (Pictet Asset Management).
(iii)    Is the Renminbi Ready for Prime Time?
By Keynote Speaker Prof. Eswar S. Prasad (Cornell University), moderated by Prof. Philippe Burrin (IHEID). On this occasion, Prof. Prasad also lauched his 2014 book The Dollar Trap - How the U.S. Dollar Tightened Its Grip on Global Finance.
(iv)    Implications for International Financial Flows and Development Finance
With Prof. Alexandre Swoboda (IHEID), Prof. Miriam Campanella (University of Turin), Robert McCauley (Bank for International Settlements), Carlos Primo Braga (Evian Group@IMD).
(v)    What’s Next?
With Paul Inderbinen (Swiss State Secretariat for International Financial Matters), Dewet Moser (Swiss National Bank), Prof. Cédric Tille (CFD), Hui Zeng (People’s Bank of China, Beijing).

 

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