Book notes: Beyond banks: technology, regulation and the future of money, by Dan Awrey
The book proposes thoughtful reforms to establish the same reliability for new monetary IOUs as currently exists for bank IOUs
Dan Awrey, Beyond banks: technology, regulation and the future of money, Princeton University Press, 2024, 304 pages
Dan Awrey has written an important book that deserves to be widely studied by policy-makers, central bankers and regulators. The book details how new technologies have fundamentally changed payment systems, and points out the failure of both legal frameworks and regulatory regimes in keeping pace with these changes. He concludes with some thoughtful and sensible suggestions for
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