| Description |
x, 283 pages : illustrations ; 25 cm |
|
text txt rdacontent |
|
unmediated n rdamedia |
|
volume nc rdacarrier |
| 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. |
| Bibliography |
Includes bibliographical references (pages 233-272) and index. |
| 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. |
| Subject |
Paper money.
|
|
Money.
|
|
Currency question.
|
|
Monetary policy.
|
|
Interest rates.
|
|
Interest rates (OCoLC)fst00976178
|
|
Currency question. (OCoLC)fst00885329
|
|
Monetary policy. (OCoLC)fst01025230
|
|
Money. (OCoLC)fst01025265
|
|
Paper money. (OCoLC)fst01052532
|
| ISBN |
9780691172132 (hardback ; alk. paper) |
|
0691172137 (hardback ; alk. paper) |
| Standard No. |
40026527200 |
|
