The Curse of Cash
- Author Kenneth S. Rogoff
- Narrator Barry Abrams
- Publisher Tantor Media, Inc
- Publish Date 7 September 2016
- Run Time 8 hours and 4 minutes
- Format Audio
- Genre Business and Management, Economics, Macroeconomics, Monetary economics, Public finance and taxation.
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What to expect
Even as people in advanced economies are using less paper money, there is more cash in circulation—a record $1.4 trillion in U.S. dollars alone. So what is all that cash being used for? The answer is simple: a large part is feeding tax evasion, corruption, terrorism, the drug trade, human trafficking, and the rest of a massive global underground economy.
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.
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.
| Author | Kenneth S. Rogoff |
|---|---|
| Narrator | Barry Abrams |
| Duration | 8 hours and 4 minutes |
| Release Date | |
| ISBN | 9781515979524 |
| Format | Audiobook |
| Publisher | Tantor Media, Inc |
| Genre | Business and Management, Economics, Macroeconomics, Monetary economics, Public finance and taxation |
| Availability | US |
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