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Exploration of Forces and Catalysts for the Evolution of Money: From Barter to Digital

Exploration of Forces and Catalysts for the Evolution of Money: From Barter to Digital

Simriti Popli, Gabriel Wasswa
Copyright: © 2024 |Pages: 12
ISBN13: 9798369318829|ISBN13 Softcover: 9798369349489|EISBN13: 9798369318836
DOI: 10.4018/979-8-3693-1882-9.ch001
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MLA

Popli, Simriti, and Gabriel Wasswa. "Exploration of Forces and Catalysts for the Evolution of Money: From Barter to Digital." Exploring Central Bank Digital Currencies: Concepts, Frameworks, Models, and Challenges, edited by Guneet Kaur, et al., IGI Global, 2024, pp. 1-12. https://doi.org/10.4018/979-8-3693-1882-9.ch001

APA

Popli, S. & Wasswa, G. (2024). Exploration of Forces and Catalysts for the Evolution of Money: From Barter to Digital. In G. Kaur, P. Lekhi, & S. Popli (Eds.), Exploring Central Bank Digital Currencies: Concepts, Frameworks, Models, and Challenges (pp. 1-12). IGI Global. https://doi.org/10.4018/979-8-3693-1882-9.ch001

Chicago

Popli, Simriti, and Gabriel Wasswa. "Exploration of Forces and Catalysts for the Evolution of Money: From Barter to Digital." In Exploring Central Bank Digital Currencies: Concepts, Frameworks, Models, and Challenges, edited by Guneet Kaur, Pooja Lekhi, and Simriti Popli, 1-12. Hershey, PA: IGI Global, 2024. https://doi.org/10.4018/979-8-3693-1882-9.ch001

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Abstract

The evolution of money has been a continuous and dynamic process, influenced by myriad economic, social, technological, and political forces. From the invention of coinage to the emergence of blockchain technology, technological innovations have continually reshaped the mechanisms of monetary exchange, challenging traditional notions of currency and financial intermediation. Moreover, the study also examines the complex relationship that exists between money and socio-political forces. It investigates how government policies and central bank interventions influence monetary systems shaping their stability and credibility. The socio-cultural perceptions and beliefs surrounding money have also been taken into consideration, highlighting how cultural norms and values impact its evolution and acceptance. Finally, the chapter offers a holistic perspective on the forces driving the evolution of money, and by understanding these forces, policymakers, economists, and individuals can navigate the evolving nature of money more effectively.

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