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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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Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy
2017, Princeton University Press
in English
1400888727 9781400888726
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Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy
2017, Princeton University Press
in English
0691178364 9780691178363
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Book Details
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.
Edition Notes
Includes bibliographical references (pages 233-272) and index.
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- Created May 15, 2019
- 8 revisions
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March 21, 2023 | Edited by ImportBot | import existing book |
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May 15, 2019 | Created by MARC Bot | Imported from marc_openlibraries_phillipsacademy MARC record |