02396cam a2200421 i 450000100090000000300080000900500170001700600190003400700030005300800410005601000170009702000300011402000280014404000280017204100080020004200080020805000230021608200100023910000490024924500440029826400510034230000430039333600210043633700250045733800230048250400670050550511020057258601250167465000170179965000110181665000110182765000230183865000210186165000250188265000240190765000170193165000260194819102522BJBSDDR20230411090802.0a|||||r|||| 00| 0 ta160520s2017    njua     b    001 0 eng    a  2016014943  a9780691178363 (paperback)  a0691178364  (paperback)  aDLCbengcDLCerdadDLC  aeng  apcc14aHG 350bR735c 201700a332.41 aRogoff, Kenneth S. q(Kenneth Saul), d1953-14aThe curse of cash /cKenneth S. Rogoff. 1aPrinceton :bPrinceton University Press,c2017  ax, 303 pages :billustrations ;c21 cm  atext2rdacontent  aunmediated2rdamedia  avolume2rdacarrier  aIncludes bibliographical references (pages 233-272) and index.  aPreface ix 1 Introduction and Overview 1 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 15 3 Size and Composition of Global Currency Supplies, and the Share Held Abroad 31 4 Holdings of Currency in the Domestic, Legal, Tax-Paying Economy 48 5 Currency Demand in the Underground Economy 58 6 Seigniorage 80 7 A Plan for Phasing Out Most Paper Currency 92 PART II: Negative Interest Rates 8 The Cost of the Zero Bound Constraint 119 9 Higher Inflation Targets, Nominal GDP, Escape Clauses, and Fiscal Policy 147 10 Other Paths to Negative Interest Rates 158 11 Other Possible Downsides to Negative Nominal Policy Rates 175 12 Negative Interest Rates as a Violation of Trust and a Step Away from Rule-Based Systems 182 PART III: International Dimensions and Digital Currencies 13 International Dimensions to Phasing Out Paper Currency 199 14 Digital Currencies and Gold 208 Afterword to the Paperback Edition 217 Final Thoughts 237 Acknowledgments 241 Appendix 245 Notes 253 References 277 Index 293  aWinner of PROSE Awards: Economics 2017
Long-listed for Financial Times and McKinsey Business Book of the Year Award 2016 0aPaper money. 0aMoney. 0aDinero 0aCurrency question. 0aMonetary policy. 4aPolítica monetaria 4aTasas de interés  4aPapel moneda 4aCuestión monetaria