The curse of cash
By: Kenneth S. Rogoff
Publisher: Princeton University Press
Published: 2016
Language: eng
Number of pages: 283
ISBN-13: 9780691172132
Subjects: Paper money; Currency question; Money; Monetary policy; Interest rates
Description: 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.--Amazon.com
Notes: Includes bibliographical references (pages 233-272) and index.
Table of contents: title: Introduction and overview; title: The early development of coins and paper currency; title: Size and composition of global currency supplies, and the share held abroad; title: Holdings of currency in the domestic legal, tax-paying economy; title: Currency demand in the underground economy; title: Seigniorage; title: A plan for phasing out most paper currency; title: The cost of the zero bound constraint; title: Higher inflation targets, nominal GDP, escape clauses and fiscal policy; title: Other paths to negative interest rates; title: Other possible downsides to negative nominal policy rates; title: Negative interest rates as a violation of trust and a step away from rule-based systems; title: International dimensions to phasing out paper currency; title: Digital currencies and gold; title: Final thoughts.