Brunello Rosa, Casey Larsen

Smart Money (MP3-Download)

How digital currencies will win the new Cold War – and why the West needs to act now Ungekürzte Lesung. 721 Min.
Sprecher: Burnip, Richard

• Hörbuch-Download MP3

Produktbeschreibung

Bloomsbury presents Smart Money by Brunello Rosa with Casey Larsen, read by Richard Burnip. 'An excellent book' Vince Cable 'A must read' Jo Johnson 'A fascinating read' Bill Dudley A timely manifesto on how digital currencies will win the New Cold War and the struggle for geopolitical supremacy in the twenty-first century. A New Cold War is underway. Whereas the first Cold War was dominated by the threat of nuclear conflict, the new front line is economic and financial, but still dominated by technology. Who controls its future will help decide the outcome of the geopolitical struggle between China and the US. Since the end of the Second World War, the US dollar has been the global reserve currency, which has ensured American dominance of the world economy. But no longer. More than a hundred countries are developing Central Bank Digital Currencies (CBDCs), digital equivalents to cash that will utterly transform how we do business at home and abroad. China was the first country to recognise the potential of this new money. The West's media focused on the new currency's role in China's surveillance state, creating widespread concern about all CBDCs. But they have largely overlooked a more important aspect of its existence: as a tool through which to 'de-dollarise' the developing world at the speed of light. When China's President Xi Jinping officially launched the digital yuan in February 2022, he also agreed a pact of 'limitless co-operation' with Russia. Within days, Russia launched its war on Ukraine, secure in the knowledge it could bypass US sanctions. Urgent, clear-eyed and groundbreaking, Smart Money shows us how CBDCs are going to impact all of our futures in ways that most of us have failed to even consider. If the West is to compete, it needs to act fast to develop its own global digital currencies that reflect the values of liberal democracies.

Produktdetails

• Verlag: Bloomsbury Publishing
• Erscheinungstermin: 24. Oktober 2024
• Sprache: Englisch
• ISBN-13: 9781526676689
• Artikelnr.: 71343561

Autorenporträt

Brunello Rosa is a financial economist and geopolitical strategist who advises market participants, policy-makers and institutions, including the UK Parliament. He is the CEO and head of research of Rosa & Roubini Associates, and holds a number of academic positions at the London School of Economics, at City University of London, and at Bocconi University in Italy. Having previously worked at the Bank of England, he is an active member of the Chief Economists Advisory Board of the European Investment Bank.

Rezensionen

This excellent book takes us into a world where Central Bank Digital Currencies are a fact of life. The Chinese have, inevitably, got there first and among the many implications of this new world is the long-awaited shift from dollar hegemony