Smart money: how digital currencies will shape the new world order

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Smart money: how digital currencies will shape the new world order

Rosa, Brunello - Personal Name; Larsen, Casey - Personal Name;

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 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.

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Sekolah Cikal Serpong (100) 158 ROS s

SRP05913A

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Detail Information

Series Title: -
Call Number: 158 ROS s
Publisher: Dublin, Ireland : Bloomsbury Publishing., 2025
Collation: 370 p. ; 20 cm
Language: English
ISBN/ISSN: 9781526678492
Classification: 100
Content Type: -
Media Type: -
Carrier Type: -
Edition: -
Subject(s): Finance
Business
Economics
Non Fiction
Specific Detail Info: -
Statement of Responsibility: Brunello Rosa , Casey Larsen

Other Information

Level: High School
Book Segment: Select -- Reading for pleasure -- Program Reference
Reading Level: Independent

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