ISBN:
0691172137
,
9780691172132
Language:
English
Pages:
x, 283 Seiten
,
Illustrationen
,
24 cm
Additional Information:
Kommentar in Wallace, Neil, 1939 - The case for imposing cashlessness 2018
Parallel Title:
Übersetzt als Rogoff, Kenneth S., 1953 - Der Fluch des Geldes
DDC:
332.4
Keywords:
Bargeld
;
Bargeldloser Zahlungsverkehr
;
Geldpolitik
;
Niedrigzinspolitik
;
Bargeldverbot
;
Paper money
;
Money
;
Currency question
;
Monetary policy
;
Paper money
;
Money
;
Currency question
;
Monetary policy
;
Currency question
;
Monetary policy
;
Money
;
Paper money
;
Bargeld
;
Abschaffung
;
Virtuelle Währung
;
Internationales Währungssystem
Abstract:
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
Note:
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
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