Curse of Cash /
Material type: TextPublication details: New Jersey: Princeton University Press; 2016Description: 284 pISBN:- 9780691172132 (hardback : alk. paper)
- 332.4 ROG
Item type | Current library | Call number | Status | Date due | Barcode |
---|---|---|---|---|---|
Book | Arun Jaitley National Institute of Financial Management | 332.4 ROG (Browse shelf(Opens below)) | Available | 35413 | |
Book | Arun Jaitley National Institute of Financial Management General Stacks | 332.4 ROG (Browse shelf(Opens below)) | Available | 35414 |
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.
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