Money In Crisis
The Return of Instability and the Myth of Digital Cash
Published on 12. June 2025
Book
Hardback
380 pages
978-1-009-39014-9 (ISBN)
Description
From its origins in ancient Mesopotamia, through the advent of coinage in ancient Greece and Rome and the invention of paper currency in medieval China, the progress of finance and money has been driven by technological developments. The great technological change of our age in relation to money centres on the creation of digital money and digital payment systems. Money in Crisis explains what the digital revolution in money is, why it matters and how its potential benefits can be realized or undermined. It explores the history, theory and evolving technologies underlying money and warns us that money is in crisis: under threat from inflation, financial instability, and digital wizardry. It discusses how modern forms of digital money (crypto, central bank digital currencies) fit into monetary history and explains the benefits and risks of recent innovations from an economic, political, social and cultural viewpoint.
More details
Language
English
Place of publication
Cambridge
United Kingdom
Illustrations
Worked examples or Exercises
Dimensions
Height: 235 mm
Width: 157 mm
Thickness: 25 mm
Weight
700 gr
ISBN-13
978-1-009-39014-9 (9781009390149)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Ignazio Angeloni | Daniel Gros
Money In Crisis
The Return of Instability and the Myth of Digital Cash
Book
06/2025
Cambridge University Press
€39.30
Shipment within 15-20 days
Persons
Ignazio Angeloni is professor at the European University Institute in Florence. He held high-ranked positions in the European Central Bank, Italy's Ministry of Finance and the Bank of Italy. He is the author of books and articles published in leading international economic journals.
Content
1. Hopes and reality of digital money; 2. Money and technology in ancient times; 3. Money and technology in the modern age; 4. What money is and does for us; 5 The paradox of cash; 6. Banks as creators and stores of money; 7. Cards and apps from above and below; 8. Promises and failures of crypto; 9. Stablecoins or troublecoins?; 10. Central bank digital currencies; 11. Money and freedom; 12. Money in the global power game; 13. The return of instability; 14. Money in crisis and the possible future.