Normal view MARC view ISBD view

Rogoff, Kenneth S.

The Curse of Cash - Oxfordshire Princeton University Press 2016 - 283p

1. Introduction and Overview

Part I: The Dark Side of Paper Currency: Tax and Regulatory Evasion, Crime, and Security Issues
2. The Early Development of Coins and Paper Currency
3. Size and Composition of Global Currency Supplies, and the Share Held Abroad
4. Holdings of Currency in the Domestic, Legal, Tax-Paying Economy
5. Currency Demand in the Underground Economy
6. Seigniorage
7. A Plan for Phasing Out Most Paper Currency

Part II: Negative Interest Rates
8. The Cost of the Zero Bound Constraint
9. Higher Inflation Targets, Nominal GDP, Escape Clauses, and Fiscal Policy
10. Other Paths to Negative Interest Rates
11. Other Possible Downsides to Negative Nominal Policy Rates
12. Negative Interest Rates as a Violation of Trust and a Step Away from Rule-Based Systems

Part III: International Dimensions and Digital Currencies
13. International Dimensions to Phasing Out Paper Currency
14. Digital Currencies and Gold

ISBN: 9780691172132

Subjects--Personal Names:
Paper Money
Monetary Policy
Interest Rates

Dewey Class. No.: 332.4 / ROG