Curse of cash
Rogoff, Kenneth S
Curse of cash - Princeton Princeton University Press 2016 - 283P.
Includes bibliographical references and index.
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 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 -- Conclusions.
9780691172132
2016014943
Paper money.
Money.
Currency question.
Monetary policy.
HG350 / .R64 2016
332.4 / RO-C
Curse of cash - Princeton Princeton University Press 2016 - 283P.
Includes bibliographical references and index.
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 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 -- Conclusions.
9780691172132
2016014943
Paper money.
Money.
Currency question.
Monetary policy.
HG350 / .R64 2016
332.4 / RO-C