Waubonsee Community College

The curse of cash, Kenneth S. Rogoff

Label
The curse of cash, Kenneth S. Rogoff
Language
eng
Bibliography note
Includes bibliographical references (pages 233-272) and index
Illustrations
illustrations
Index
index present
Literary Form
non fiction
Main title
The curse of cash
Nature of contents
bibliography
Oclc number
948560967
Responsibility statement
Kenneth S. Rogoff
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
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
Classification
Content
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