02629cam a2200469 i 4500 116417 116417 19102522 BJBSDDR 20230411090802.0 a|||||r|||| 00| 0 ta 160520s2017 njua b 001 0 eng 2016014943 9780691178363 (paperback) 0691178364 (paperback) DLC eng DLC rda DLC eng pcc HG 350 R735c 2017 332.4 Rogoff, Kenneth S. (Kenneth Saul), 23256 1953- The curse of cash / Kenneth S. Rogoff. Princeton : Princeton University Press, 2017 x, 303 pages : illustrations ; 21 cm text rdacontent unmediated rdamedia volume rdacarrier Includes bibliographical references (pages 233-272) and index. Preface 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 Winner of PROSE Awards: Economics 2017 Long-listed for Financial Times and McKinsey Business Book of the Year Award 2016 Paper money. Money. Dinero 396 Currency question. Monetary policy. Política monetaria 1662 Tasas de interés 23848 Papel moneda 2645 Cuestión monetaria 10285 7 cbc orignew 1 ecip 20 y-gencatlg lcc BK 0 0 lcc 0 0 CS BJB BJB CS 2022-07-26 0 HG 350 R735c 2017 00000163637 2022-07-26 00:00:00 1 2022-07-26 BK