Redefining the monetary standard in the digital age: Digital innovations and the future of monetary policy

This SUERF BAFFI Bocconi – Meet the Author webinar marks the publication of Livio Stracca new book Redefining the Monetary Standard in the Digital Age | springerprofessional.de

This book discusses the future of money and monetary policy in an increasingly digital world. Despite the rise of digital currency, the monetary regime, with its key features centered on fiat money, has remained essentially unchanged since the collapse of the Bretton Woods system in the 1970s. This book explains the economics of money in a digital world in simple terms and plain language built on the most recent academic literature. While the book considers a scenario of continuity where change is more cosmetic than real, it also envisages a very different monetary future to the one that exists now. By drawing on research and policy, the book offers predictions on the monetary future and outlines a vision for money in 2050.

• Explains the universe of decentralized finance, with a special focus on the blockchain
• Covers limitations of the current monetary system and what needs fixing
• Explores the consequences of entirely replacing physical cash with digital forms of money