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The Curse of Cash

By Rogoff, Kenneth S.

The Curse of Cash Law

The Curse of Cash

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Description
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. 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 paper money 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.
Product details
Edition:
illustrated
Number of Pages:
296
Release Date:
2016-09-06
Publication Date:
2016-09-06
Publisher:
Princeton University Press
Languages:
Original: English
ISBN10:
0691172137
ISBN13:
9780691172132
Weight:
477 g
Height:
156 cm
Width:
241 cm
Thickness:
27 cm

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The items bear minimal signs of past use, such as light scratches or memories in the form of markings. These signs of wear give the items a charming character and tell stories of their previous owners, while not affecting their functionality.
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