The curse of cash / Kenneth S. Rogoff.
By: Rogoff, Kenneth S [author.].
Publisher: Princeton : Princeton University Press, [2016]Description: 283 pages cm.Content type: text Media type: unmediated Carrier type: volumeISBN: 9780691172132 (hardback : alk. paper).Subject(s): Paper money | Money | Currency question | Monetary policyGenre/Form: Print books.| Current location | Call number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|
| On Shelf | HG350 .R64 2016 (Browse shelf) | Available | AU0000000009423 |
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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.