Podcast appearances and mentions of Eswar Prasad

P&L With Paul Sweeney and Lisa Abramowicz

Play Episode Listen Later Mar 6, 2023 25:41

Eswar Prasad, a senior fellow in Global Economy and Development at Brookings and a professor at Cornell University, and host David Dollar discuss the outlook for China's economy in 2023 as the annual National People's Congress convenes in Beijing. Discussion topics include China's economic growth, local finance and real estate, the role of China's private sector in the economy, and what policies might emerge from the meeting. Show notes and transcript: https://bit.ly/3KTQ8G2 Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.

china development congress beijing cornell university uncertain global economy economic outlook brookings national people eswar prasad david dollar brookings podcast network

Conversations with the St. Louis Fed (Audio)

Play Episode Listen Later Oct 19, 2022 19:31

Bloomberg News anchor Kathleen Hays sits down with St. Louis Federal Reserve director of research Carlos Garriga and Homer Jones winner Eswar Prasad in St. Louis. Hosted by Kathleen Hays.See omnystudio.com/listener for privacy information.

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Checking in on China's economy during the 20th Party Congress

The Prof G Show with Scott Galloway

Play Episode Listen Later Oct 18, 2022 25:09

Eswar Prasad, a professor at Cornell University and senior fellow at Brookings, discusses China's economic risks and opportunities with David Dollar as China's 20th Communist Party Congress continues this week. Prasad and Dollar look at the general shape of China's economy, it's housing market, renminbi strength relative to the dollar, and whether President Xi Jinping will continue with a command-led economy that limits independence and innovation among enterprises. Show notes and transcript: https://brook.gs/3eGSF91 Dollar & Sense is part of the Brookings Podcast Network. Learn more at brookings.edu/podcasts, and send feedback to podcasts@brookings.edu.

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The Evolution of Money — with Eswar Prasad

Play Episode Listen Later Sep 2, 2022 29:12 Very Popular

We're revisiting a favorite interview featuring Eswar Prasad, the Tolani Senior Professor of Trade Policy at Cornell University and author of “The Future of Money: How the Digital Revolution is Transforming Currencies and Finance,” j Eswar discusses the state of play regarding the global financial ecosystem, the role of the US Dollar, and the opportunities and risks of cryptocurrencies and decentralized finance. Learn more about your ad choices. Visit podcastchoices.com/adchoices

money future evolution finance cornell university us dollar digital revolution trade policy eswar prasad

CoinGeek Conversations: Bitcoin SV and the global economy

CoinGeek Conversations

Play Episode Listen Later Aug 31, 2022 16:39

In the first of four CoinGeek Conversations special episodes, we revisit some of our favourite conversations from the last season, on the subject of Bitcoin SV's relationship with the global economy. We hear from Eswar Prasad, Tolani senior Professor of International Trade Policy at Cornell University, and author of ‘The Future of Money', on why competition in the digital asset industry is a good thing; Patryk Walaszczyk, blockchain solutions expert at IBM, discusses the burgeoning relationship between BSV and IBM; Owen Vaughan, director of research at nChain, talks about the role Bitcoin could play in political economics; and Bryan Daugherty, public policy director of the BSV Blockchain Association tells us about his work for the US Department of Defence. Join me, Sarah Higgs, next week as I take another journey down memory lane, picking guests from past shows for an episode featuring four personalities of BSV.

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Eswar S. Prasad, "The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance" (Harvard UP, 2021)

New Books Network

Play Episode Listen Later Aug 16, 2022 40:26

The Future of Money: How the Digital Revolution is Transforming Currencies and Finance (The Belknap Press of Harvard University Press, 2021) provides a cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think we have seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force won't be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come. Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He was previously chief of the Financial Studies Division in the International Monetary Fund's Research Department and, before that, was the head of the IMF's China Division. Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin). Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Eswar S. Prasad, "The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance" (Harvard UP, 2021)

New Books in Economics

Play Episode Listen Later Aug 16, 2022 40:26

The Future of Money: How the Digital Revolution is Transforming Currencies and Finance (The Belknap Press of Harvard University Press, 2021) provides a cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think we have seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force won't be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come. Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He was previously chief of the Financial Studies Division in the International Monetary Fund's Research Department and, before that, was the head of the IMF's China Division. Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin). Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Eswar S. Prasad, "The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance" (Harvard UP, 2021)

New Books in Communications

Play Episode Listen Later Aug 16, 2022 40:26

The Future of Money: How the Digital Revolution is Transforming Currencies and Finance (The Belknap Press of Harvard University Press, 2021) provides a cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think we have seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force won't be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come. Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He was previously chief of the Financial Studies Division in the International Monetary Fund's Research Department and, before that, was the head of the IMF's China Division. Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin). Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/communications

Eswar S. Prasad, "The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance" (Harvard UP, 2021)

New Books in Science, Technology, and Society

Play Episode Listen Later Aug 16, 2022 40:26

The Future of Money: How the Digital Revolution is Transforming Currencies and Finance (The Belknap Press of Harvard University Press, 2021) provides a cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think we have seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force won't be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come. Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He was previously chief of the Financial Studies Division in the International Monetary Fund's Research Department and, before that, was the head of the IMF's China Division. Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin). Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/science-technology-and-society

Eswar S. Prasad, "The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance" (Harvard UP, 2021)

New Books in Technology

Play Episode Listen Later Aug 16, 2022 40:26

The Future of Money: How the Digital Revolution is Transforming Currencies and Finance (The Belknap Press of Harvard University Press, 2021) provides a cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think we have seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force won't be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come. Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He was previously chief of the Financial Studies Division in the International Monetary Fund's Research Department and, before that, was the head of the IMF's China Division. Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin). Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/technology

Eswar S. Prasad, "The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance" (Harvard UP, 2021)

New Books in Finance

Play Episode Listen Later Aug 16, 2022 40:26

The Future of Money: How the Digital Revolution is Transforming Currencies and Finance (The Belknap Press of Harvard University Press, 2021) provides a cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think we have seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force won't be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come. Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He was previously chief of the Financial Studies Division in the International Monetary Fund's Research Department and, before that, was the head of the IMF's China Division. Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin). Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

Eswar S. Prasad, "The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance" (Harvard UP, 2021)

New Books in Economic and Business History

Play Episode Listen Later Aug 16, 2022 40:26

The Future of Money: How the Digital Revolution is Transforming Currencies and Finance (The Belknap Press of Harvard University Press, 2021) provides a cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think we have seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force won't be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come. Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He was previously chief of the Financial Studies Division in the International Monetary Fund's Research Department and, before that, was the head of the IMF's China Division. Caleb Zakarin is the Assistant Editor of the New Books Network (Twitter: @caleb_zakarin). Learn more about your ad choices. Visit megaphone.fm/adchoices

Eswar Prasad on China's Economic Rise, and Its Current Economic Challenges

china challenges current economic cornell university gdp senior fellow brookings institution trade policy eswar prasad

Play Episode Listen Later Jun 26, 2022 23:44

China's economic rise -- which brought hundreds of millions of its citizens out of poverty, and drove about one quarter of global GDP growth over the past two decades, has been among the most consequential events of the past century. However, like many countries, China's economy today faces deep challenges. To discuss some of these challenges, as well as the drivers of China's growth over the past decades, EconoFact Chats welcomes back Eswar Prasad of Cornell University. Eswar is the Tolani Senior Professor of Trade Policy at Cornell University and a Senior Fellow at the Brookings Institution.

Eswar Prasad on China's Economic Rise, and Its Current Economic Challenges

china challenges current economic cornell university gdp senior fellow brookings institution trade policy eswar prasad

Play Episode Listen Later Jun 26, 2022 23:44

China's economic rise -- which brought hundreds of millions of its citizens out of poverty, and drove about one quarter of global GDP growth over the past two decades, has been among the most consequential events of the past century. However, like many countries, China's economy today faces deep challenges. To discuss some of these challenges, as well as the drivers of China's growth over the past decades, EconoFact Chats welcomes back Eswar Prasad of Cornell University. Eswar is the Tolani Senior Professor of Trade Policy at Cornell University and a Senior Fellow at the Brookings Institution.

Understanding Crypto 3: Eswar Prasad: Bitcoin, Banking, and the Future of Money

The Rational Reminder Podcast

Play Episode Listen Later Jun 17, 2022 48:09

Welcome back to another episode of our series focusing on cryptocurrencies. In this episode, we dive into conceptual complexities surrounding cryptocurrencies and how this might affect the financial system in future. To help us unravel this nuanced subject is Professor Eswar Prasad, a senior professor of trade policy and Professor of Economics at Cornell University, and a senior fellow at Brookings Institution. He is also a research associate at the National Bureau of Economic Research and was a former head of the IMF China Division. Besides his wealth of experience regarding traditional economies, he is also an authority on cryptocurrencies, which he explains in detail in his book The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance. In today's conversation, we discuss broad conceptual ideas surrounding money and finance, such as the basic functions of money, the difference between outside and inside money, the limitations on creating wealth, how cryptocurrencies work, how cryptocurrencies may disrupt financial systems, why cryptocurrencies need trust to work, the future of cryptocurrencies, and much more. Tune in today to get insider information on cryptocurrencies with our special guest, Professor Eswar Prasad. Key Points From This Episode: A brief outline of Professor Eswar Prasad's professional background. [0:01:14] Professor Prasad explains what the basic functions of money are. [0:01:59] We learn if money is a commodity or a social contract. [0:02:33] The problems associated with fiat currencies. [0:03:00] What the concepts of inside and outside money are. [0:04:12] Factors that constrain the creation of outside money. [0:05:34] Whether mechanically constrained money is good for economies. [0:07:07] Learn whether commercial banks need deposits to make loans. [0:08:46] What the definition of fungibility is. [0:10:24] How and why reserves are usually maintained by a central bank. [0:11:19] What the differences are between physical cash and electronic money. [0:12:25] The anonymity associated with each of the payment methods available. [0:13:28] What the main functions of the financial system are. [0:15:14] Find out what the definition of shadow banking is. [0:17:01] How trust in the financial system is facilitated. [0:18:29] We find out if modern financial systems can be disintermediated by technology. [0:20:33] The potential effects that intermediaries can have on economies. [0:22:59] What Satoshi Nakamoto's 2008 innovation was. [0:25:51] The resilience of the underlying system for Bitcoin is explained. [0:28:12] Learn about the three elements that make Bitcoin decentralized. [0:30:12] How the decentralization of Bitcoin can be overcome. [0:31:39] Learn about the value of blockchain and emerging validation technology. [0:34:07] The key reasons why cryptocurrencies have value. [0:36:14] Ways in which a decentralized system would be beneficial. [0:38:32] Outline of the downsides to decentralized finance. [0:41:01] Why trust is also essential to the long-term viability of cryptocurrencies. [0:43:03] What role unofficial digital currencies will play regarding monetary policy. [0:44:05] The influence that Satoshi's innovation had on the development of a central bank digital currency. [0:45:49]

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The Evolution of Money and the Demise of CNN+ — with Eswar Prasad

The Prof G Show with Scott Galloway

Play Episode Listen Later Apr 28, 2022 46:03 Very Popular

Eswar Prasad, the Tolani Senior Professor of Trade Policy at Cornell University and author of “The Future of Money: How the Digital Revolution is Transforming Currencies and Finance,” joins Scott to discuss the state of play regarding the global financial ecosystem, the role of the US Dollar, and the opportunities and risks of cryptocurrencies and decentralized finance. Follow Esway on Twitter, @EswarSPrasad. Scott opens with his thoughts on Discovery's decision to shut down CNN+. Algebra of Happiness: functions of success. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Digital currencies are popping up everywhere, and that means competition

Marketplace Tech

Play Episode Listen Later Apr 14, 2022 8:21 Very Popular

We’ve got bitcoin, dogecoin, litecoin. Every day a new coin. These are known as cryptocurrencies, unregulated digital coins that live outside the banking system in blockchain technology. Recently, the U.S. Federal Reserve said it was exploring the possibility of a central bank digital currency, or CBDC. It would be issued, regulated and backed by the government, just like paper dollars. Some countries are already experimenting with this, like the Bahamas, Nigeria, Sweden and China. Marketplace’s Meghan McCarty Carino speaks with Eswar Prasad, professor at Cornell University. He’s the author of a recent piece in MIT Technology Review: “Money is about to enter a new era of competition.” And he explains what it would look like for all these currencies to coexist.

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Digital currencies are popping up everywhere, and that means competition

Marketplace All-in-One

Play Episode Listen Later Apr 14, 2022 8:21

We’ve got bitcoin, dogecoin, litecoin. Every day a new coin. These are known as cryptocurrencies, unregulated digital coins that live outside the banking system in blockchain technology. Recently, the U.S. Federal Reserve said it was exploring the possibility of a central bank digital currency, or CBDC. It would be issued, regulated and backed by the government, just like paper dollars. Some countries are already experimenting with this, like the Bahamas, Nigeria, Sweden and China. Marketplace’s Meghan McCarty Carino speaks with Eswar Prasad, professor at Cornell University. He’s the author of a recent piece in MIT Technology Review: “Money is about to enter a new era of competition.” And he explains what it would look like for all these currencies to coexist.

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Ep. 139: A conversation with Zainab Usman about climate change

Ufahamu Africa

Play Episode Play 44 sec Highlight Listen Later Apr 2, 2022 65:12

Zainab Usman is a senior fellow and director of the Africa Program at the Carnegie Endowment for International Peace. This week, she talks to Rachel about the importance of economic diversification in Africa and how it can contribute to a more climate resilient Africa. In the news wrap, Kim and Rachel talk about the killing of a fearless Somali female MP, Kenyan country music, and the Zimbabwean president's party (ZANU PF) losing support in the polls.Books, Links, & ArticlesZainab Usman, senior fellow and director of the Africa Program at the Carnegie Endowment for International PeaceEconomic Diversification in Nigeria: Fractious Politics and the Paradox of Prosperity by Zainab Usman "From Nashville to Nairobi: A History of Country Music in Kenya" from Afropop Worldwide"Female Opposition MP Among Dozens Killed in Somalia Bombings" by Kaamil Ahmed "Kingdom Comeback: The Spectacular Return of Benin's Looted Art" by Ayodeji Rotinwa "Zanu-PF Trounced in Zimbabwe Parliamentary and Municipal By-elections" by Frank Chikowore "Financing Political Parties in Africa: The Case of Zimbabwe" by Chipo DendereHow to Avoid a Climate Disaster by Bill Gates The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance by Eswar Prasad "Taxation, Political Accountability and Foreign Aid: Lessons from Somaliland" by Nicholas Eubank Previous Episodes We MentionedEp. 103: A conversation with Cyril Obi of the African Peacebuilding Network

Celebrities Love Cryptocurrencies - and it's lame (Feat. Ben McKenzie and Jacob Silverman)

Crypto Critics' Corner

Play Episode Listen Later Feb 17, 2022 59:53

Today Bennett Tomlin and Cas Piancey are joined by Ben McKenzie (star of Gotham, Southland, and The O.C.) and Jacob Silverman (author of Terms of Service and writer for The New Republic and Slate) who discuss the ideas behind their upcoming book about cryptocurrency, their issues with celebrity shilling of speculative assets, and how it really feels like corporate greed is eating our democracy. Here are some of the books and movies mentioned during the interview: Lying for Money by Dan Davies - https://www.amazon.com/Lying-Money-Legendary-Frauds-Workings-ebook/dp/B078WFT5JV The Future of Money by Eswar Prasad - https://www.amazon.com/Future-Money-Revolution-Transforming-Currencies/dp/0674258444 The China Hustle - https://www.amazon.com/China-Hustle-Dan-David/dp/B07BQH2LQG This episode was recorded on Monday, February 14th, 2022

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Eswar Prasad on the Future of Money

IMF Podcasts

Play Episode Listen Later Feb 15, 2022 23:28

When was the last time you used cash? In his latest book, Eswar Prasad looks at a world, not that far off, where using cash will no longer be an option. Prasad is a professor of economics at Cornell University, and his book, The Future of Money, describes how digital currencies and other financial technologies are reshaping everything from consumer banking to monetary policy and international payments. In this podcast, he discusses the book with Finance and Development Magazine editor Chris Wellisz. Transcript: https://bit.ly/3gwQJNu Read the F&D article at IMF.org/fandd

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Eswar Prasad: The cryptocurrency revolution will touch us all

CoinGeek Conversations

Play Episode Listen Later Feb 9, 2022 29:47

The invention of Bitcoin and the subsequent proliferation of cryptocurrencies will have a lasting impact on traditional finance, says Eswar Prasad, Tolani Senior Professor of International Trade Policy at Cornell University and author of ‘The Future of Money', a book exploring how finance is changing in the digital age. While he has his doubts about the utility of Bitcoin as a currency, arguing that it has largely become “a speculative financial asset” rather than the pseudonymous, peer-to-peer medium of exchange it was designed to be, he is confident its influence will change the nature of money for good. “I think the emergence of cryptocurrencies… is lighting a fire into central banks to start issuing digital currencies of their own. So, this is the sense in which I think the cryptocurrency revolution is going to touch all of us, even if you and I might never own a Bitcoin,” he says. Eswar predicts that we will soon see the end of cash, with it being replaced by Central Bank Digital Currencies (CBDCs) and privately run digital payment systems or some combination of the two. He also believes that the creation of Bitcoin in 2008 sped up the FinTech revolution, a development which has democratised finance and made it more accessible, particularly in developing countries. “The fact that even in low-income countries you now have people having very easy access to low-cost digital payment systems makes the life of consumers and businesses a lot easier,” he says. He points to the Aadhaar biometric identification system in India as an example. The Aadhaar Act, which became law in 2016, makes it easier for Indians, especially those in rural areas, to verify their identity and open bank accounts, improving financial inclusion. Figures show that the scheme has been game changing. In 2014's Global Findex Database just 53% of adults in India had bank accounts, in 2017 that number had increased to 80%. That's an extra 300 million accounts. Talking to Charles Miller on CoinGeek Conversations, Eswar says he is impressed with blockchain technology and believes it will have a lasting impact. He sees it as not only the foundation for decentralised finance but also predicts that it will play a key role in innovations in public governance, something that we've already seen the BSV blockchain proposed for in Tuvalu. But it's not all good news where Eswar is concerned as he thinks the crypto mania that's taken hold of our society has a darker side. “I think financial stability issues and investor protection, especially of unsophisticated retail investors who might be investing in cryptocurrencies, getting taken in by the razzle dazzle of the new technology and not understanding the risks… is a concern at the moment.” Overall, he is cautiously optimistic about the impact the digital currency revolution will have on our lives, saying “I think there is a lot to look forward to in the new technologies but also a fair bit of fear.”

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Crypto, The Uberization of Money, and Why Central Banks Want Digital Currencies

DeepMacro: Future of Finance

Play Episode Listen Later Feb 1, 2022 35:20

Jeff Young spoke with Eswar Prasad, Tolani Senior Professor of Trade Policy and Professor of Economics at Cornell University. He recently published the book The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance, where he looks at Bitcoin and the transformative potential of the blockchain, the pros and cons of central bank digital currencies, and the international nature of and adoption of cryptocurrencies.

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The End of Cash & Blue Monday

Zoomer Week in Review

Play Episode Listen Later Jan 16, 2022 16:50

Do you still carry a lot of cash and how often do you use it? There

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The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance

Knowledge = Power

Play Episode Listen Later Nov 25, 2021 1186:43

Eswar Prasad explains the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force won't be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.

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The state of China's economy and US-China relations

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Play Episode Listen Later Nov 22, 2021 23:57

Eswar Prasad, Brookings senior fellow and a professor at Cornell University, joins host David Dollar to discuss the state of China's economy and U.S.-China relations. Prasad addresses a range of issues, including why China's economy is slowing, whether China's currency might be used as an international reserve currency, and what happened at the recent online summit between President Joe Biden and Chinese President Xi Jinping. Show notes and transcript: https://brook.gs/30DCvX5 Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.

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Max Levchin and Eswar Prasad on the digitization of currency and the future of money

Washington Post Live

Play Episode Listen Later Nov 18, 2021 49:32

Washington Post technology editor Christina Passariello speaks with Affirm CEO Max Levchin and Cornell University professor Eswar Prasad on the future of money, the evolution of the financial industry and the implications for payments security.

CORNELL PROFESSOR BREAKS DOWN THE FUTURE OF BITCOIN | ESWAR PRASAD

The Wolf Of All Streets

Play Episode Listen Later Oct 21, 2021 43:34

The world is rapidly going digital, and different forms of digital money are competing for adoption. Eswar Prasad is a prestigious professor and prolific author known for his thoughtful considerations on the future of money. As an economist, Eswar hopes for a competitive future in which money is more accessible, transferable, stable, private, and digital. Arculus: Arculus is the new crypto cold storage wallet that combines the world's strongest security protocols with an easy-to-manage app. Store, swap, and send your crypto all with a simple tap of your Arculus Key™ card. Order the safer, simpler, smarter crypto cold storage solution today at: https://thewolfofallstreets.link/arculus -- Kava: Kava connects the world's largest cryptocurrencies, ecosystems and financial applications on DeFi's most trusted, scalable and secure earning platform. Kava lets you mint stablecoins, lend, borrow, earn and swap safely and efficiently across the world's biggest crypto assets. To learn more visit https://thewolfofallstreets.link/kava -- If you enjoyed this conversation, share it with your colleagues & friends, rate, review, and subscribe. This podcast is presented by Blockworks. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at: https://www.blockworks.co ーーー Join the Wolf Den newsletter: ►►https://www.getrevue.co/profile/TheWolfDen/members

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Is the Dollar Doomed?

Markets Daily Crypto Roundup

Play Episode Listen Later Oct 17, 2021 13:34

On today's show, we dive into an excerpt from “The Future of Money,” by author and Professor of Trade Policy at Cornell University, Eswar Prasad, as he examines the forces – the rise of bitcoin and stablecoins and foreign currency competition – threatening the dollar's perch as the world's reserve currency.Read the full story here. This episode is sponsored by Kava, Nexo.io and Market Intel by Chainalysis.This episode was edited & produced by Adrian Blust with music production by Doc Blust & Colin Mealey-Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world's biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi's most trusted, scalable and secure earning platform with kava.io.-Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.-Market Intel by Chainalysis—the Blockchain Data Platform—arms your team with the most complete on-chain dataset to make informed crypto investments, deliver original research, and identify and confidently fund emerging players in the market. See Chainalysis Market Intel in action now.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

El futuro del dinero

Efecto Naím

Play Episode Listen Later Oct 13, 2021 9:17

En septiembre de 2021, El Salvador se convirtió en el primer país en adoptar la criptomoneda bitcoin como una de sus monedas oficiales. Pero la nación centroamericana no es la única que apuesta por digitalizar su economía. El reconocido economista Eswar Prasad, nos lleva de Suecia a Uruguay para conocer cómo la revolución digital está transformando las monedas y las finanzas. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

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'Transitory' will be here for awhile, ending with inflation above 2 percent

Money Life with Chuck Jaffe

Play Episode Listen Later Oct 12, 2021 58:37

Warren Pierson, deputy chief investment officer for the Baird Funds, says that while the Federal Reserve initially suggested that 'transitory' inflation would be here for a matter of months, it's now a much longer definition as the pace of recovery is slower than expected. Still, Pierson says that inflation will abate and eventually give the Fed what it has been hoping for, a level slightly north of 2 percent. Pierson also gives his outlook for fixed income -- covering virtually every bond type from mortgage-backed securities to junk bonds -- in a wide-ranging chat. In the Book Interview, author Eswar Prasad discusses 'The Future of Money,' and his expectation that the world will become a cashless society sooner than later, but not necessarily in ways that cryptocurrency experts expect. Also on the show, Jill Gonzalez of WalletHub.com talks about a survey showing that more than 40 percent of consumers would pay more for flights and/or hotels that only allowed customers vaccinated against Covid-19, and John Cole Scott of Closed-End Fund Advisors and the Active Investment Company Alliance helps Chuck answer a listener's question about whether closed-end funds are appropriate for younger investors and taxable accounts.

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What Is Money In the Age of Bitcoin?

Barron's Live

Play Episode Listen Later Sep 28, 2021 33:17

Daren Fonda, senior writer at Barron's, and Eswar Prasad, author of The Future of Money, discuss the world of digital currencies from Bitcoin to the dollar.

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Eswar Prasad on Cryptocurrencies, and the Future of Money

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Play Episode Listen Later Sep 26, 2021 22:53

Even as the popularity of cryptocurrencies grows, debates surrounding their viability as a medium of exchange, a store of value, and as an investment remain contentious. In this episode of EconoFact Chats, Eswar Prasad of Cornell University joins Michael Klein for a discussion of how cryptocurrencies work, the ways in which they differ from central bank digital currencies, issues surrounding the regulation of cryptocurrency, and the environmental impact of mining cryptocurrencies like bitcoin.

Eswar Prasad on Cryptocurrencies, and the Future of Money

money cryptocurrency cornell university michael klein eswar prasad

Play Episode Listen Later Sep 26, 2021 22:53

Even as the popularity of cryptocurrencies grows, debates surrounding their viability as a medium of exchange, a store of value, and as an investment remain contentious. In this episode of EconoFact Chats, Eswar Prasad of Cornell University joins Michael Klein for a discussion of how cryptocurrencies work, the ways in which they differ from central bank digital currencies, issues surrounding the regulation of cryptocurrency, and the environmental impact of mining cryptocurrencies like bitcoin.

Money Talks: Volatile gas

Economist Podcasts

Play Episode Listen Later Sep 22, 2021 27:41

The price of natural gas is rocketing, with global consequences. Is volatility in this crucial fuel here to stay? We also ask why an investigation at the World Bank has put Kristalina Georgieva, the head of the International Monetary Fund, in the spotlight. And, after our adventures in DeFi-land last week, economist Eswar Prasad assesses who should control the future of money and payments. Patrick Lane hostsSign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at economist.com/moneytalks For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer See acast.com/privacy for privacy and opt-out information.

economists world bank defi money talks volatile international monetary fund eswar prasad

Money Talks: Volatile gas

Money talks from Economist Radio

Play Episode Listen Later Sep 22, 2021 27:41

The price of natural gas is rocketing, with global consequences. Is volatility in this crucial fuel here to stay? We also ask why an investigation at the World Bank has put Kristalina Georgieva, the head of the International Monetary Fund, in the spotlight. And, after our adventures in DeFi-land last week, economist Eswar Prasad assesses who should control the future of money and payments. Patrick Lane hostsSign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at economist.com/moneytalks For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer See acast.com/privacy for privacy and opt-out information.

economists world bank defi money talks volatile international monetary fund eswar prasad

The future of money: The end of cash and the rise of digital currencies

Events from the Brookings Institution

Play Episode Listen Later Sep 13, 2021 86:13

On September 13, the Hutchins Center on Fiscal and Monetary Policy and the Global Economy and Development program at Brookings hosted a virtual conversation between Brookings senior fellow Eswar Prasad and Glenn Hutchins, co-chair of the Brookings Board of Trustees, on Prasad's argument that the world is approaching a tipping point where cash phases out and digital currencies reign supreme. Subscribe to Brookings Events on iTunes, send feedback email to events@brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. To learn more about upcoming events, visit our website. Brookings Events is part of the Brookings Podcast Network.

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The Future of Money with Eswar Prasad

Factually! with Adam Conover

Play Episode Listen Later Sep 8, 2021 70:40

With the rise of mobile payment services and cryptocurrencies, money is at a moment of profound transformation. What is happening to money now, and where is it headed? On the show this week is Senior Professor of Trade Policy at Cornell University Eswar Prasad. You can check out his book, The Future of Money: How the Digital Revolution is Transforming Currencies and Finance, at factuallypod.com/books.

money finance digital revolution trade policy eswar prasad

EdTechSR Ep 228 NFT Rock Bargains

EdTech Situation Room by @techsavvyteach & @wfryer

Play Episode Listen Later Aug 20, 2021 62:26

Welcome to episode 228 ("NFT Rock Bargains") of the EdTech Situation Room from August 18, 2021, where technology news meets educational analysis. This week Jason Neiffer (@techsavvyteach) and Wesley Fryer (@wfryer) discussed Microsoft "PrintNightmare Ransomware," T-Mobile's confirmed (and large) customer data breach, and the differences between Credit Freezes and Fraud Alerts. An amazing podcast interview with Eswar Prasad about "Why Crypto Matters," a crazy article about free clipart of a cartoon rock becoming a $300K NFT, and Apple's problematic blunders offering paid podcast subscriptions were also discussed. The Facebook Transparency Center's Q2 2021 report, a Yale University research study showing "‘Likes' and ‘shares' teach people to express more outrage online," a powerful podcast interview with Roger McNamee on "Holding Tech Accountable," and the unfortunate amplification of anti-vax nurses were highlighted on the social media front. In Google news, Google's forthcoming "hardware campus" and upgrades to Google Meet for multiple co-hosts were discussed. Free availability of Windows11 for download was highlighted. Lastly, Zoom's new "focus mode" which hides classmate videos from each other during a videoconference was both highlighted and criticized. Geeks of the Week included the (free) Chromebook App Hub from Google, and a helpful article on using "your web browser's 'Readier Mode' to minimize distractions." Please see our shownotes for links to all these articles and resources! Our show was live streamed and archived simultaneously on YouTube Live as well as our Facebook Live page via StreamYard.com, and compressed to a smaller video version (about 100MB) on AmazonS3 using Handbrake software. Please follow us on Twitter @edtechSR for updates, and join us LIVE on Wednesday nights (normally) if you can at 10 pm Eastern / 9 pm Central / 8 pm Mountain / 7 pm Pacific or 3 am UTC. All shownotes are available on http://edtechSR.com/links. Stay savvy and safe!

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MONEY REIMAGINED: The Nixon Shock - 50 Years of Money Without Gold

CoinDesk Reports

Play Episode Listen Later Aug 14, 2021 46:12

This week on “Money Reimagined,” we reflect back on the “Nixon Shock” of Aug. 15, 1971 - 50 years ago this week – when the dollar was removed from its peg to gold and the world of finance was turned upside down. This episode is sponsored by Unique One Network.Eswar Prasad, an economics professor at Cornell University, senior fellow at the Brookings Institution and author of a number of books on currencies and the international monetary system, joined Michael Casey and Sheila Warren to discuss the legacy of this moment. Also chiming in was CoinDesk's managing editor of podcasts, Adam B. Levine. When President Richard Nixon made his drastic decision to remove the dollar from its peg to gold, it prompted all other countries to de-peg their currencies from the dollar, thereby ending the Bretton Woods managed exchange rate system that had been in place since 1944. By extension, it kickstarted the era of fiat currencies that we still live in.The world that emerged out of that move – one in which the supply of currencies was now at the discretion of monetary officials – set the tone for the current challenges of the global financial system and the powerful role that central banks now play. This monetary history also provides vital context for the efforts by bitcoin and cryptocurrency advocates to build an alternative to that system. Prasad recognized the disruption that digital currency technology seems poised to bring to the world of money and sees a competition for supremacy emerging. However, he was lukewarm about the utility of bitcoin in that future, in part because he believes the element that most bitcoiners are drawn to – its fixed supply – is more of a bug than a feature. The real risk in the global economy, he says, is a fall in prices, not inflation. To stave off the threat of a self-destructive deflationary spiral, he said, monetary issuers need discretionary power to increase money supplyThat set up a healthy debate with Levine, who argued for the superiority of the Bitcoin protocol's predictable supply function to generate public “trust” over the discretion of central bankers and who claimed that inflation has been severely understated ever since the Nixon Shock.-Unique One Network is an interoperable platform for DeFi-enabled NFT marketplaces, in a variety of sectors, built on Polkadot Parity Substrate. Unique One Network's cross-chain NFT hub facilitates transfers between a variety of blockchains and ecosystems, unleashing the power of NFTs with myriad innovative capabilities. Find out more at Unique One Network.-Image credit: Bettmann/CORBIS/Bettmann Archive via Getty, modified by CoinDeskSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Nixon Shock: 50 Years of Money Without Gold

CoinDesk's Money Reimagined

Play Episode Listen Later Aug 13, 2021 46:12

This week on “Money Reimagined,” we reflect back on the “Nixon Shock” of Aug. 15, 1971 - 50 years ago this week – when the dollar was removed from its peg to gold and the world of finance was turned upside down. This episode is sponsored by Unique One Network.Eswar Prasad, an economics professor at Cornell University, senior fellow at the Brookings Institution and author of a number of books on currencies and the international monetary system, joined Michael Casey and Sheila Warren to discuss the legacy of this moment. Also chiming in was CoinDesk's managing editor of podcasts, Adam B. Levine. When President Richard Nixon made his drastic decision to remove the dollar from its peg to gold, it prompted all other countries to de-peg their currencies from the dollar, thereby ending the Bretton Woods managed exchange rate system that had been in place since 1944. By extension, it kickstarted the era of fiat currencies that we still live in.The world that emerged out of that move – one in which the supply of currencies was now at the discretion of monetary officials – set the tone for the current challenges of the global financial system and the powerful role that central banks now play. This monetary history also provides vital context for the efforts by bitcoin and cryptocurrency advocates to build an alternative to that system. Prasad recognized the disruption that digital currency technology seems poised to bring to the world of money and sees a competition for supremacy emerging. However, he was lukewarm about the utility of bitcoin in that future, in part because he believes the element that most bitcoiners are drawn to – its fixed supply – is more of a bug than a feature. The real risk in the global economy, he says, is a fall in prices, not inflation. To stave off the threat of a self-destructive deflationary spiral, he said, monetary issuers need discretionary power to increase money supplyThat set up a healthy debate with Levine, who argued for the superiority of the Bitcoin protocol's predictable supply function to generate public “trust” over the discretion of central bankers and who claimed that inflation has been severely understated ever since the Nixon Shock.-Unique One Network is an interoperable platform for DeFi-enabled NFT marketplaces, in a variety of sectors, built on Polkadot Parity Substrate. Unique One Network's cross-chain NFT hub facilitates transfers between a variety of blockchains and ecosystems, unleashing the power of NFTs with myriad innovative capabilities. Find out more at Unique One Network.-Image credit: Bettmann/CORBIS/Bettmann Archive via Getty, modified by CoinDeskSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Why Crypto Matters

The Open Mind, Hosted by Alexander Heffner

Play Episode Listen Later Aug 9, 2021 28:11

Cornell University trade economist Eswar Prasad discusses how cryptocurrencies are impacting the future of markets and global stability.

crypto cornell university eswar prasad

Regional integration in West Africa: Is there a role for a single currency?

Events from the Brookings Institution

Play Episode Listen Later Aug 3, 2021 89:19

On July 30, the Brookings Africa Growth Initiative launched the new book, "Regional Integration in West Africa: Is There a Role for a Single Currency?" in which authors Eswar Prasad and Vera Songwe explore the debates under way about how ECOWAS could achieve greater trade and financial integration, with or without a currency union, as well as the ramifications for the African continent. https://www.brookings.edu/events/regional-integration-in-west-africa-is-there-a-role-for-a-single-currency/ Subscribe to Brookings Events on iTunes, send feedback email to events@brookings.edu, and follow us and tweet us at @policypodcasts on Twitter. To learn more about upcoming events, visit our website. Brookings Events is part of the Brookings Podcast Network.

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Digital currencies are transforming the future of money

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Play Episode Listen Later Jun 21, 2021 28:46

Digital currencies like Bitcoin often make headlines for the massive swings in their value, but beyond the intrigue of skyrocketing and plummeting prices the rising popularity of cryptocurrencies poses serious questions for financial institutions and monetary policy. Eswar Prasad joins David Dollar for a conversation on the digitalization of money and what digital currencies could mean for the future of cash, international payments, and the strength of the U.S. dollar. Prasad also explains why some central banks have hesitated to introduce digital currencies while others have embraced them. Dollar & Sense is part of the Brookings Podcast Network. Send feedback to bcp@brookings.edu, and follow us on Twitter at @policypodcasts.

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Life after Jack Ma

Business Daily

Play Episode Listen Later May 6, 2021 17:58

What next for China's giant tech companies? Ed Butler speaks to China watcher Richard McGregor at the Lowy Institute in Sydney about why China's leaders have clipped the wings of Jack Ma, the country's most famous business leader and founder of the tech giant Alibaba. Chinese tech sector analyst Rui Ma argues that closer regulation of China's giant tech companies will be good for competition, while Rebecca Fannin, author of Tech Titans of China, worries about the impact on innovation. Eswar Prasad, economics and trade policy professor at Cornell University in the US, outlines the challenge China faces in balancing its desire for control over its tech entrepreneurs with its need for innovation and growth. (Photo: Jack Ma pictured in Paris in 2019, Credit: Getty Images)

Surveillance: Powerful Recovery Underway, Spence Says

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Play Episode Listen Later Apr 19, 2021 40:56

Michael Spence, General Atlantic Senior Advisor and GSB Stanford Dean Emeritus, says there is a very powerful economic recovery underway. Dr. Ofer Levy, Boston Children's Hospital Precision Vaccine Program Director and FDA Advisory Panel Member, says we can't assume that a vaccine that is safe and effective in one age group is safe and effective for another age group. Michael Kushma, Morgan Stanley CIO of Global Fixed Income, sees yields higher in the long-term. Michael Shaoul, Marketfield Asset Management CEO, says plans for a European Super League would lead to soccer becoming a two-tier sport. Eswar Prasad, Cornell University Senior Professor of Trade Policy, says multilateralism is moving back to D.C. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Surveillance: Powerful Recovery Underway, Spence Says

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Play Episode Listen Later Apr 19, 2021 40:11

Michael Spence, General Atlantic Senior Advisor and GSB Stanford Dean Emeritus, says there is a very powerful economic recovery underway. Dr. Ofer Levy, Boston Children's Hospital Precision Vaccine Program Director and FDA Advisory Panel Member, says we can't assume that a vaccine that is safe and effective in one age group is safe and effective for another age group. Michael Kushma, Morgan Stanley CIO of Global Fixed Income, sees yields higher in the long-term. Michael Shaoul, Marketfield Asset Management CEO, says plans for a European Super League would lead to soccer becoming a two-tier sport. Eswar Prasad, Cornell University Senior Professor of Trade Policy, says multilateralism is moving back to D.C.

China's Role in Global Finance, with Eswar Prasad

Harvard Fairbank Center for Chinese Studies

Play Episode Listen Later Apr 15, 2021 73:43

Speaker: Eswar Prasad, Tolani Senior Professor of Trade Policy, Cornell University; Senior Fellow and New Century Chair in International Economics, Brookings Institution; Research Associate, National Bureau of Economic Research. This lecture will discuss China’s economic prospects, policies, and reforms, and their implications for its role in international finance. The lecture will cover China’s economy, financial markets, and the renminbi, and also touch upon the country’s new digital currency.

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Reimagining the global economy for a post-COVID-19 world

covid-19 post covid reimagining global economy brookings eswar prasad david dollar

Play Episode Listen Later Nov 23, 2020 44:33

When the COVID-19 pandemic sent the global economy into a deep recession, it exposed structural weaknesses in economic institutions and highlighted the need for reform. The challenges countries face today are daunting, but this moment should be recognized as an opportunity to build back more sustainable and inclusive economies. David Dollar is joined by three Brookings experts—Eswar Prasad, Marcela Escobari, and Zia Qureshi—to discuss their forward-looking policy proposals for a post-COVID-19 world.

Kopi Time E036: Eswar Prasad on USD, RMB, and CBDCs

Kopi Time podcast with Taimur Baig

Play Episode Listen Later Nov 17, 2020 51:12 Transcription Available

Dr. Eswar Prasad, Tolani Senior Professor of Trade Policy at Cornell University, joins Kopi Time to share his deep insights on the global economic outlook and major developments in the currency world. He goes deep into the arguments over why the US dollar reigns supreme and will likely continue to do so. He walks us through various initiatives that would increase the role of the Chinese RMB in global payments, but is skeptical that it would take up safe haven status. Eswar then delves into the promises and challenges of central bank digital currencies (CBDCs). He goes over the possible applications, as well as regulatory and financial stability concerns involving CBDCs, both in developed and emerging economies. See omnystudio.com/listener for privacy information.

cornell university kopi trade policy eswar prasad

What’s In Store For The Dollar

Top of Mind at Goldman Sachs

Play Episode Listen Later Nov 10, 2020 30:58

After the US Dollar surged in late March as investors rushed to its safety amid the global onset of the coronacrisis, its value has since declined sharply. As uncertainty about the virus trajectory and the global economic recovery continues to loom large, the key question from here is whether this retrenchment marks the start of a multi-year Dollar down cycle, and, even more fundamentally, an erosion of the Dollar’s dominance in the global monetary system. In this episode, host Allison Nathan interviews three experts to answer these questions: UC Berkeley’s Barry Eichengreen, Cornell’s Eswar Prasad and Goldman Sachs’ own Zach Pandl. They don’t necessarily agree on the direction of the Dollar ahead, with Eichengreen less convinced than Pandl that the Dollar is set for a period of sustained depreciation. But they do agree that despite economic and geopolitical trends that suggest an eventual erosion of the Dollar’s global role, there’s still a long way to go before potential Dollar substitutes—the Euro, RMB and digital currencies—challenge its dominance.

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Surveillance: Tough Times Ahead For NY, Hochul Says

fed surveillance tough times kathy hochul fixed income trade policy eswar prasad gabriela santos

Play Episode Listen Later Sep 1, 2020 34:52

Kathy Hochul, New York Lieutenant Governor, urges the federal government to step in with with stimulus funding. Eswar Prasad, Cornell University Tolani Senior Professor of Trade Policy and Brookings Institution Senior Fellow, discusses outlook for the U.S. dollar. Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says there is a tremendous amount of money on the sidelines in the U.S. that needs to be put to work. Gershon Distenfeld, AB Co-Head of Fixed Income, discusses the Fed's evolving view of inflation. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Surveillance: Tough Times Ahead For NY, Hochul Says

fed surveillance tough times kathy hochul fixed income trade policy eswar prasad gabriela santos

Play Episode Listen Later Sep 1, 2020 34:07

Kathy Hochul, New York Lieutenant Governor, urges the federal government to step in with with stimulus funding. Eswar Prasad, Cornell University Tolani Senior Professor of Trade Policy and Brookings Institution Senior Fellow, discusses outlook for the U.S. dollar. Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says there is a tremendous amount of money on the sidelines in the U.S. that needs to be put to work. Gershon Distenfeld, AB Co-Head of Fixed Income, discusses the Fed’s evolving view of inflation.

Coronavirus: Global recession?

Business Daily

Play Episode Listen Later Mar 5, 2020 18:37

Central banks are rushing to provide liquidity as many fear that the disruption from the coronavirus outbreak could push the world into technical recession. We hear from a host of eminent economists trying to navigate the uncertainty: Sarah Bloom Raskin, deputy secretary to the Treasury under US President Barack Obama; former ECB chief economist Peter Praet; and Cornell University professor of trade policy Eswar Prasad. Plus Ed Butler looks at one of the industries feeling the most pain - airlines. Peter Morris of the aviation consultancy Ascend by Cirium says that while the long-term growth outlook remains strong, some carriers may struggle to survive the plethora of flight cancellations over the next few months. And what does it mean for China, the epicentre of the outbreak? China consultant Diana Choyleva of Enodo Economics says it could prove a heavy blow, coming at a time of trade tensions and a general slowdown in exports. Producer: Stephen Ryan (Picture: A Kuwaiti trader wearing a protective mask at the Kuwait stock exchange during the coronavirus pandemic; Credit: Yasser al-Zayyat/AFP via Getty Images)

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Will the Coronavirus Cause a Recession?

What'd You Miss This Week

Play Episode Listen Later Feb 21, 2020 28:39

This week, Hans Humes, chariman, CEO & founding partner at Greylock Capital joined to talk about why the coronavirus concerns weren't showing up in typical risk assets and how Argentina can get back to a sustainable debt load. Eswar Prasad, senior fellow at the Brookings Institution, came on to discuss whether the coronavirus outbreak will cause a recession. Then Curaleaf CEO Joseph Lusardi went through Curaleaf's recent acquisition of vaping company Select and how he thinks the cannabis market can get its groove back.

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Emerging Market Phenomena | Andrew Karolyi & Eswar Prasad

Present Value Podcast

Play Episode Listen Later Dec 13, 2019 58:48

Eswar Prasad and Andrew Karolyi join us for a joint interview on a range of topics relating to emerging markets including measuring risk, the hegemony of the U.S. dollar, the U.S.-China trade conflict, and the global rise of autocracy. The conversation explores the implications of global trade policies and the implications of cryptocurrency adoption for emerging markets around the world. Andrew Karolyi is Deputy Dean and College Dean for Academic Affairs at the Cornell SC Johnson College of Business. He is a professor of finance and holder of the Harold Bierman Jr. Distinguished Professorship in the College’s Johnson Graduate School of Management. He is also a professor of economics in Cornell's College of Arts and Sciences. Professor Karolyi is a scholar in investment management with a specialization in international financial markets, and the author of Cracking the Emerging Markets Enigma. Eswar Prasad is the Nandlal P. Tolani Senior Professor of Trade Policy and professor of economics at the Charles H. Dyson School of Applied Economics and Management at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a research associate at the National Bureau of Economic Research. He was chief of the Financial Studies Division in the research department of the International Monetary Fund; before that, he was the head of the IMF's China division. He is the author of several books and monographs, including The Dollar Trap and Gaining Currency: The Rise of the Renminbi. Links from the Episode at presentvaluepodcast.com Episode Article: Johnson Business Feed Faculty Profile: Andrew Karolyi | Eswar Prasad Research: Andrew Karolyi SSRN | Eswar Prasad SSRN Twitter: @EswarSPrasad

Ending the Trade War on Christmas

What'd You Miss This Week

Play Episode Listen Later Aug 16, 2019 30:51

This week, Eswar Prasad, Brookings senior fellow and the former head of the IMF's China division, came on on talk about President Trump ending the trade war on Christmas. Hans Humes, CEO and CIO of Greylock Capital Management, joined to discuss why the Argentine peso collapsed to a record low after a surprise election result. Skanda Amarnath, Director of Research and Analysis at Employ America, broke down the latest CPI data and why he thinks the Fed needs a new approach to policy. Then Fabiana Fedeli, Global Head of Fundamental Equities at Robeco, discussed if emerging markets could make a comeback before the end of this year.

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Germany's An Election Cycle Away From Generational Change, Kornblum Says

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Play Episode Listen Later Sep 25, 2017 37:19

John Kornblum, the former U.S. Ambassador to Germany, questions if Germany's next generation will jump into the digital world or become more national oriented. Jeromin Zettelmeyer, the former director-general for economic policy at the German Federal Ministry for Economic Affairs and Energy, says Germany's governing coalition has done very well economically. John Vail, the chief global strategist at Nikko Asset Management Americas, says the Japanese people are actually against inflation. The oil industry's in denial about electric cars, PK Verleger President Phil Verleger says. Finally, Cornell University's Eswar Prasad says the PBOC is in a good spot with the renminbi. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Eswar Prasad on the Curious Rise of the Renminbi

IMF Podcasts

Play Episode Listen Later Jul 21, 2017 16:13

As China’s economy catches up in size with that of the United States, some predict the renminbi will soon challenge the dollar’s dominance in international finance. But in this podcast, Cornell University’s Eswar Prasad says there are limits to how far China’s currency can go without undertaking significant domestic reforms. Prasad, a former IMF economist himself, was invited to IMF headquarters in Washington to talk about his latest book Gaining Currency: The Rise of the Renminbi Contributors: Eswar Prasad, Professor of Trade Policy and Economics at Cornell University, Senior Fellow at the Brookings institution, and author.

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Freedom Caucus Founder Hopes for a Health-Care Vote This Week

Play Episode Listen Later May 3, 2017 38:37

Jim Jordan, House Freedom Caucus founder, says he hopes Congress will vote on health care this week and that President Trump resonates because he has conservative principles with populist tones. Prior to that, Bloomberg Intelligence's Ira Jersey says the Fed wants to shrink the balance sheet. Eswar Prasad, a professor at Cornell University, says China could be doing more about North Korea because it's North Korea's economic lifeline. Arkansas Congressman French Hill discusses the health-care vote. Finally, Mitch Daniels, president of Purdue University, says the Kaplan acquisition isn't a threat to Purdue's culture. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Freedom Caucus Founder Hopes for a Health-Care Vote This Week