Crypto assets' partial money-like use promotes toxic developments in the financial system. Even though crypto assets might be regarded as close substitutes to traditional money, we show that they lack important functions of money. Traditional fiat money requires several interacting institutions...

Crypto assets' partial money-like use promotes toxic developments in the financial system. Even though crypto assets might be regarded as close substitutes to traditional money, we show that they lack important functions of money. Traditional fiat money requires several interacting institutions...

Cover -- Contents -- Figures -- Preface -- Introduction -- Part I: The roots of crisis capitalism -- 1. The rise of market liberalism -- The end of Bretton Woods and its consequences -- Weak left and strong right -- 2. Unleashing financial markets -- Breaking points in finance capitalism --...