The Future of Money
Eswar S. Prasad, 2021 BVT lib 332.4 PRA
Acronyms
ACH |
.46 |
Automated Clearing House Network |
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Alipay |
.84 |
||
Ant |
.73 |
Alibaba financial arm |
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ATM |
.61 |
Automated Teller Machine, 1967? |
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BoJ |
.10 |
Bank of Japan |
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CBDC |
..4 |
Central Bank Digital Currencies |
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CDS |
.42 |
Credit Default Swap |
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|
.68 |
Challenger banks |
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CHAPS |
.43 |
Clearing House Automated Payment System, Bank of England |
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CHIPS |
.47 |
Clearing House Interbank Payment System |
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Diem |
.10 |
A cryptocurrency, renamed from Libra |
|
DLT |
107 |
||
ECB |
.14 |
European Central Bank |
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e-CNY |
.13 |
electronic Chinese yuan |
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EME |
.11 |
Emerging Market Economy |
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|
137 |
||
Fed |
.13 |
United States Federal Reserve |
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Fedwire |
.47 |
RTGS for 5500+ participants in the United States |
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FICO |
.75 |
Fair Isaac Corporation, credit scoring |
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Fintech |
..6 |
Financial technologies |
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|
.71 |
Funding Circle |
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G-3 |
.14 |
Group of 3 ( BoJ, ECB, Fed ) |
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GDP |
.13 |
Gross Domestic Product |
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JUMO |
.77 |
business to business financial services platform |
|
|
.72 |
Kickstarter crowd funding |
|
|
.70 |
||
|
.72 |
||
Libra |
.09 |
A cryptocurrency, renamed Diem |
|
Lufax |
.77 |
Shanghai Lujiazui International Financial Asset Exchange |
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M0 |
.28 |
Currency (banknotes and coins) in circulation |
|
M1 |
.28 |
M0 plus demand deposits and checking deposits |
|
M2 |
.28 |
broad money: M1, small deposits, savings, travellers checks, retail money market mutual funds |
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M3 |
.31 |
Sweden, India term |
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M-PESA |
.65 |
Kenya Safaricom mobile phone money (Swahili "pesa" ) |
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NINJA |
.43 |
loans; No Income, No Job, No Assets |
|
100 |
|||
Oscar |
.81 |
||
Paytm |
.88 |
||
PBC |
.75 |
People's Bank of China |
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P2P |
.69 |
Peer-to-peer (lending for example) |
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Quadriga |
148 |
||
RMB |
.76 |
Renminbi (0.14 USD in 2022) |
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RTGS |
.46 |
Real-Time Gross Settlement system |
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S&P 500 |
.37 |
Standard & Poors stock market index |
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SEC |
.70 |
United States Securities and Exchange Commision |
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SME |
.75 |
Small and Medium Sized Enterprise |
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SMS |
.65 |
Short Message Service for mobile phones |
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Stripe |
.88 |
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SWIFT |
.48 |
Society for Worldwide Interbank Financial Telecommunication 1973 |
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TARGET2 |
.47 |
Trans-European Automated Real-time Gross settlement Express Transfer System 2 |
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Tether |
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TOR |
146 |
||
UPI |
.87 |
Unified Payments Interface (India) |
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Upstart |
.71 |
lender |
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Venmo |
.83 |
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.84 |
|||
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XRP |
.90 |
||
|
.95 |
Wealthfront automated portfolio manager |
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Wise |
.91 |
Wise aka TransferWise remittance network |
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|
.92 |
WorldRemit money transfer system |
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