In this book, Dr. Bibhu Dash & Dr. Sameeh Ullah comprehensively explores the evolving international monetary system, intertwined geopolitical dynamics, and the burgeoning realm of financial technology. This scholarly work delves into the system's complex features, functions, and the far-reaching consequences of globalization. They meticulously dissects both positive and negative frictions within the monetary system, unraveling their repercussions on economies worldwide. The book adeptly examines how the current geopolitical landscape intertwines with financial instability, potentially leading to a looming recession. It also casts a spotlight on the transformative potential of fintech, elucidating its diverse applications and its pivotal role in mitigating negative friction. As the book navigates the path to harnessing fintech for sustainable development, it concludes by advocating for robust regulatory frameworks. "Rising Frictional Cost of Money in a Changing World Order and the Future of Fintech" is an invaluable resource for policymakers, scholars, and practitioners navigating the world of economics, technology, and global shifts.
