000			03532cam a2200313 i 4500
001			u80094
005			20221025163226.0
007			ta
008			170620s2016 njua b 001 0 eng
020			_a9780691172132
040			_aDLC _beng _erda _cPUL _dDLC _dBTCTA _dERASA _dBDX _dOCLCF _dFM0 _dYDX _dJTH _dOCL _dCHVBK _dVP@ _dYUS _dGBVCP _dOCLCO _dOCLCQ _dUK-LoPHL
082	0	4	_a332.4
100	1		_aRogoff, Kenneth S. _eauthor. _993925
245	1	4	_aThe curse of cash / _cKenneth S. Rogoff.
264		1	_aPrinceton ; _aOxford : _bPrinceton University Press, _c2016.
300			_ax, 283 pages
336			_atext _2rdacontent
337			_aunmediated _2rdamedia
338			_avolume _2rdacarrier
505	0		_aIntroduction 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.
520			_a"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. Even as people in advanced economies are using less paper money, there is more cash in circulation—a record $1.4 trillion in U.S. dollars alone, or $4,200 for every American, mostly in $100 bills. And the United States is hardly exceptional. So what is all that cash being used for? The answer is simple: a large part is feeding tax evasion, corruption, terrorism, the drug trade, human trafficking, and the rest of a massive global underground economy. As Rogoff shows, paper money can also cripple monetary policy. In the aftermath of the recent financial crisis, central banks have been unable to stimulate growth and inflation by cutting interest rates significantly below zero for fear that it would drive investors to abandon treasury bills and stockpile cash. This constraint has paralyzed monetary policy in virtually every advanced economy, and is likely to be a recurring problem in the future. The Curse of Cash offers a plan for phasing out most paper money—while leaving small-denomination bills and coins in circulation indefinitely—and addresses the issues the transition will pose, ranging from fears about privacy and price stability to the need to provide subsidized debit cards for the poor. While phasing out the bulk of paper money will hardly solve the world’s problems, it would be a significant step toward addressing a surprising number of very big ones. Provocative, engaging, and backed by compelling original arguments and evidence, The Curse of Cash is certain to spark widespread debate."--Provided by publisher.
650		0	_aPaper money _960597
650		0	_aMoney. _924794
650		0	_aCurrency question. _936824
650		0	_aMonetary policy. _924934
650		0	_aInterest rates. _934938
650		0	_aTax evasion. _925188
942			_n0
999			_c71809 _d71809