Eswar S. Prasad (2021): The future of money: how the digital revolution is transforming currencies and finance: Belknap press of Harvard University Press, Cambridge Massachusetts, LCCN 2021008025.

Although at first glance, these financial innovations seem to be a potential solution for inefficiencies in traditional finance, detailed evaluation of these financial innovations reveal that these innovations can bring unknown financial and non-financial risks. The chapter discusses the transformative potential of private digital currencies, i.e., cryptocurrencies and stable coins and central banks response to these currencies in form of sovereign digital currencies. [Extracted from the article]