The Curse of Cash
(Sprache: Englisch)
The world is drowning in cash - and its making us poorer and less safe. In The Curse of Cash, Kenneth Rogoff, one of the worlds leading economists, makes a persuasive and fascinating case for an idea that until recently would have seemed outlandish: getting...
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The world is drowning in cash - and its making us poorer and less safe. In The Curse of Cash, Kenneth Rogoff, one of the worlds 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.
Autoren-Porträt von Kenneth S. Rogoff
Kenneth S. Rogoff is the Thomas D. Cabot Professor of Public Policy and professor of economics at Harvard University. He is the coauthor of Foundations of International Macroeconomics, and a frequent commentator for NPR, the Wall Street Journal, and the Financial Times.
Bibliographische Angaben
- Autor: Kenneth S. Rogoff
- 2016, 296 Seiten, 30 Abbildungen, Masse: 15,6 x 24,1 cm, Gebunden, Englisch
- Verlag: Princeton University Press
- ISBN-10: 0691172137
- ISBN-13: 9780691172132
- Erscheinungsdatum: 19.08.2016
Sprache:
Englisch
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