Curse of Cash /
Rogoff, Kenneth S.,
Curse of Cash / - New Jersey: Princeton University Press; 2016 - 284 p.
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 (hardback : alk. paper)
Paper money.
Money.
Currency question.
Monetary policy.
332.4 ROG
Curse of Cash / - New Jersey: Princeton University Press; 2016 - 284 p.
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 (hardback : alk. paper)
Paper money.
Money.
Currency question.
Monetary policy.
332.4 ROG