The Citizens' Ledger : Digitizing Our Money, Democratizing Our Finance

1st ed. 2022

by Robert C. Hockett

Book Details

Format Paperback / Softback

ISBN-10 3030995658

ISBN-13 9783030995652

Edition 1st ed. 2022

Publisher Springer Nature Switzerland AG

Imprint Springer Nature Switzerland AG

Country of Manufacture GB

Country of Publication GB

Publication Date Jul 6th, 2022

Print length 201 Pages

Weight 350 grams

Dimensions 15.40 x 23.30 x 1.70 cms

Product Classification: Macroeconomics Finance Financial services industry

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Ksh 9,900.00

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This book is the first of its kind in several overlapping and rapidly developing fields that now dominate news headlines – among them the fields of crypto-currency, digital payments platforms, ‘fintech,’ and central bank digital currencies (‘CBDCs’). With crypto and fintech now threatening to transform finance in destabilizing and anti-democratic ways, and with China and other nations now digitizing their national currencies in the form of CBDCs that make the US dollar and national payments infrastructure look ever more quaint and outmoded, this book shows both why the US and other democratic commercial societies must, and how they can, democratically digitize their currencies, their national payments systems, and the authorities that respectively issue and administer them – in the US, the Federal Reserve System (‘the Fed’).

This book is the first of its kind in several overlapping and rapidly developing fields that now dominate news headlines - among them the fields of crypto-currency, digital payments platforms, ''fintech,'' and central bank digital currencies (''CBDCs''). With crypto and fintech now threatening to transform finance in destabilizing and anti-democratic ways, and with China and other nations now digitizing their national currencies in the form of CBDCs that make the US dollar and national payments infrastructure look ever more quaint and outmoded, this book shows both why the US and other democratic commercial societies must, and how they can, democratically digitize their currencies, their national payments systems, and the authorities that respectively issue and administer them - in the US, the Federal Reserve System (''the Fed'').

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