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Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion & Constrain Monetary Policy

  • $39.99 
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  •  Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion & Constrain Monetary Policy
    Title: Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion & Constrain Monetary Policy
    Author: ROGOFF KENNETH
    Format: PAPERBACK
    Publication date: 15/05/2017
    Imprint: PRINCETON UNI PRESS
    Price: $39.99
    Publishing status: NOT YET PUBLISHED

    "Like a chess player playing many opponents simultaneously, Rogoff views 'the curse of cash' through several prisms, and offers a compelling rationale of the merits of a 'less cash' economy."--Venky Vembu, The Hindu
    "A fascinating and important book. Kenneth Rogoff sets out a compelling and wide-ranging argument for weaning our economies off paper money."--Ben S. Bernanke, former chairman of the U.S. Federal Reserve
    "Highly engaging, thought-provoking, and persuasive, The Curse of Cash makes the case that time is running out for paper money. As Kenneth Rogoff has done before, this book sets the standard on a problem that will only become more important; it is also sure to influence discussions about the ability of central banks to deliver growth and financial stability. This is a must read."--Mohamed El-Erian, author of The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse "Should we become a largely cashless society? Kenneth Rogoff makes a strong case that we should in this wide-ranging book, which touches on history, crime, technology, and monetary policy. Clearly and persuasively argued, this is a must-read."--Linda Yueh, author of China's Growth: The Making of an Economic Superpower
    "The Curse of Cash is brilliant and insightful. In addition to giving a vivid picture of the cash-crime nexus, The Curse of Cash is the book everyone should read about negative interest rates."--Miles Kimball, University of Michigan "Original and fascinating, The Curse of Cash makes a totally convincing argument that advanced economies have many good reasons for phasing out paper currency as soon as possible. More clearly and with more evidence than anyone before, Kenneth Rogoff makes the case that cash feeds illegal behavior'and that illegal behavior probably now accounts for the majority of cash in circulation. Raising challenging questions, this book will be of wide interest."--John Kay, author of Other People's Money: The Real Business of Finance


    ISBN: 9780691178363
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