2 options
The curse of cash / Kenneth S. Rogoff.
LIBRA HG350 .R64 2016
Available from offsite location
- Format:
- Book
- Author/Creator:
- Rogoff, Kenneth S., author.
- Language:
- English
- Subjects (All):
- Paper money.
- Money.
- Currency question.
- Monetary policy.
- Interest rates.
- Physical Description:
- x, 283 pages : illustrations ; 25 cm
- Place of Publication:
- Princeton : Princeton University Press, [2016]
- 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
- 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.
- Notes:
- Includes bibliographical references (pages 233-272) and index.
- ISBN:
- 9780691172132
- 0691172137
- OCLC:
- 948560967
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.