Eswar S. Prasad

An Economist Book of the YearA Financial Times Book of the YearA Foreign Affairs Book of the YearA ProMarket Book of the YearOne of The Week's Ten Best Business Books of the Year "A road map for money managers, market strategists, and others seeking to understand this new world." — Barron's "Money shapes economies, economies shape nations, nations shape history....

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've 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...

Global institutions have failed to adapt to today's political-economic realities. What went wrong, and how can we reverse our descent into chaos? The United States is no longer the world's undisputed superpower. China and India increasingly flex their economic muscle, as the West's share of global GDP steadily declines and America's rules-based system risks becoming irrelevant. In business, competition brings...