Money is a central part of everybody’s life and every society and has been moreimportant for humanity than the wheel, the printing press, the steam engine, and theInternet. Money is one of the greatest innovations in our history! I therefore decidedto write this book about money.Not only is money one of the greatest innovations, it is also currently beingradically transformed in a way that ha…
Money, as the saying goes, makes the world go round. Everybody uses it; ourmodern societies would not function without it. Credit is just as crucial, as borrowingallows businesses to invest and consumers to buy goods and services today againsttheir income tomorrow. But although money and debt are central in our societies andto our welfare, how they actually function is not easily understood.The…
The purpose of this chapter is to identify remaining research interests in money in the age of digitalization and put my past research topics in perspective. I have no intention to conduct a comprehensive review of the history of money,1 nor to search for the origin of money. n my research, I started the choice of optimal currency denominatio…
This is an open access book. Europe faces significant challenges in the coming decades: geopolitical, demographic, technological, increased competition, climate-related, and health issues due to an aging population, to mention a few. Given these challenges, technological progress and new ways of handling complex issues will be key to continued prosperity and growth. To accomplish a growth proce…