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The curse of cash

Author: Kenneth S Rogoff
Publisher: Princeton : Princeton University Press, [2017] ©2016
Edition/Format:   eBook : Document : 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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Genre/Form: Electronic books
Additional Physical Format: Print version:
Rogoff, Kenneth S.
Curse of Cash.
Princeton : Princeton University Press, 2017
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Kenneth S Rogoff
ISBN: 9781400888726 1400888727
OCLC Number: 992580367
Description: 1 online resource (x, 303 pages)
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 ; with a new afterword by the author.

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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