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The curse of cash

Author: Kenneth S Rogoff
Publisher: Princeton : Princeton University Press, [2016]
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
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.
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Kenneth S Rogoff
ISBN: 9780691172132 0691172137
OCLC Number: 948560967
Awards: Winner of PROSE Awards: Economics 2017
Long-listed for Financial Times and McKinsey Business Book of the Year Award 2016
Description: x, 283 pages : illustrations ; 25 cm
Contents: 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 the 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 --
Final thoughts.
Responsibility: Kenneth S. Rogoff.

Abstract:

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.

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Winner of the 2017 PROSE Award in Economics, Association of American Publishers Selected for Canada's Financial Post Best Personal Finance and Economics Books of 2016 One of Financial Times (FT.com) Read more...

 
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