The curse of cash / Kenneth S. Rogoff.
| Author/creator | Rogoff, Kenneth S. author. |
| Format | Book |
| Publication | Princeton : Princeton University Press, [2016] |
| Description | x, 283 pages : illustrations ; 25 cm |
| Subjects |
| 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. |
| 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 |
| Bibliography note | Includes bibliographical references (pages 233-272) and index. |
| LCCN | 2016014943 |
| ISBN | 9780691172132 (hardback ; alk. paper) |
| ISBN | 0691172137 (hardback ; alk. paper) |