The curse of cash /
Rogoff, Kenneth S.
The curse of cash / Kenneth S. Rogoff. - Princeton : Princeton University Press, 2016 - x, 283p. ; 24cm.
Includes bibliographical references and index.
Introduction and overview -- The early development of coins and paper currency -- Size and composition of global currency supplies, and the share held abroad -- Holdings of currency in domestic legal, tax-paying economy -- Currency demand in the underground economy -- Seigniorage -- A plan for phasing out most paper currency -- The cost of the zero bound constraint -- Higher inflation targets, nominal GDP, escape clauses and fiscal policy -- Other paths to negative interest rates -- Other possible downsides to negative nominal policy rates -- Negative interest rates as a violation of trust and a step away from rule-based systems -- International dimensions to phasing out paper currency -- Digital currencies and gold -- Conclusions.
The world is drowning in cash--and it's making us poorer and less safe. In The Curse of Cash, Kenneth Rogoff, one of the world's leading economists, makes a persuasive and fascinating case for an idea that until recently would have seemed outlandish: getting rid of most paper money.
9780691172132 (hardback : alk. paper)
2016-014943
Paper money.
Money.
Currency question.
Monetary policy.
HG350 / .R64 2016
332.4 / ROG
The curse of cash / Kenneth S. Rogoff. - Princeton : Princeton University Press, 2016 - x, 283p. ; 24cm.
Includes bibliographical references and index.
Introduction and overview -- The early development of coins and paper currency -- Size and composition of global currency supplies, and the share held abroad -- Holdings of currency in domestic legal, tax-paying economy -- Currency demand in the underground economy -- Seigniorage -- A plan for phasing out most paper currency -- The cost of the zero bound constraint -- Higher inflation targets, nominal GDP, escape clauses and fiscal policy -- Other paths to negative interest rates -- Other possible downsides to negative nominal policy rates -- Negative interest rates as a violation of trust and a step away from rule-based systems -- International dimensions to phasing out paper currency -- Digital currencies and gold -- Conclusions.
The world is drowning in cash--and it's making us poorer and less safe. In The Curse of Cash, Kenneth Rogoff, one of the world's leading economists, makes a persuasive and fascinating case for an idea that until recently would have seemed outlandish: getting rid of most paper money.
9780691172132 (hardback : alk. paper)
2016-014943
Paper money.
Money.
Currency question.
Monetary policy.
HG350 / .R64 2016
332.4 / ROG