As currency bills are issued in denominations of thousands or hundreds of thousands, as economies return to barter, and as soldiers riot over their paychecks, people throughout the world are becoming painfully aware of currency instability. But West Africa has been subject to ch…
Investigating changes in the public and private uses of money in the United States between the 1870s and the 1930s, and money throughout cultures and throughout history, the author concentrates on domestic transactions, gifts, and welfare payments.
This work provides a systematic sociological discussion of one of the most important of modern institutions: money. The author demonstrates the immense significance of monetary systems in modern societies and considers why social theory has been so slow to address this issue.
Tettered Money: Managing Digital Currency Transactions presents a comprehensive discussion of financial transactions using digital currencies, with the author, Gideon Samid, making the case for their expansion in tethered money. Exploring the technical, legal, and historical asp…
Bitcoin became a buzzword overnight. A cyber-enigma with an enthusiastic following, it pops up in headlines and fuels endless media debate. You can apparently use it to buy anything from coffee to cars, yet few people seem to truly understand what it is. This raises the question…
"This volume presents the first overall analysis, both theoretical and empirical, of the Asian Financial Crisis. It draws out the general lessons of an event whose potential long-term effects have been likened to the Crash of 1929." "Part One presents a factual and analytic over…
For more than half a century, the U.S. dollar has been not just America's currency but the world's. It is used globally by importers, exporters, investors, governments and central banks alike. Nearly three-quarters of all 00 bills circulate outside the United States. The dol…
"The era of savage money began on 15 August 1971 when the US Government, financially weakened by the Vietnam War, was forced to renounce its control over the gold market. This freed the price of gold from government control for the first time since 1934 and created a new commodi…
"New technologies are shaking the foundations of traditional finance. Leading economist Eswar S. Prasad foresees the end of cash, as central banks develop their own digital currencies to compete with Bitcoin and Facebook's Diem. Money and finance are on the verge of dramatic tra…
"New technologies are shaking the foundations of traditional finance. Leading economist Eswar S. Prasad foresees the end of cash, as central banks develop their own digital currencies to compete with Bitcoin and Facebook's Diem. Money and finance are on the verge of dramatic tra…
This text offers advanced undergraduates, MBA students and executives the theory and the practical tools needed to price and hedge derivatives in the professional marketplace. The author makes the theory and practice of pricing and hedging derivative securities accessible to ma…
Kevin Werbach shows how a technology resting on foundations of mutual mistrust can become trustworthy. The blockchain, built on open software and decentralized foundations that allow anyone to participate, seems like a threat to any form of regulation. In fact, Werbach argues, l…
