The curse of cash /

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.--Amazo...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Rogoff, Kenneth S. (Author)
Format: Electronic eBook
Language:Inglés
Published: Princeton : Princeton University Press, [2017]
Subjects:
Paper money.
Money.
Currency question.
Monetary policy.
Interest rates.
Politique monétaire.
Taux d'intérêt.
BUSINESS & ECONOMICS > Finance.
BUSINESS & ECONOMICS > Economics > Macroeconomics.
Interest rates
Bargeld
Papiergeld
Abschaffung
Bargeldloser Zahlungsverkehr
Geldpolitik
Inflation Targeting
Online Access:Texto completo
Table of 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.

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