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The Curse of Cash book cover

The Curse of Cash

How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy

Kenneth S. Rogoff

Discover the surprising reasons why paper money is at the heart of difficult problems plaguing the world. The Curse of Cash, written by acclaimed economist Kenneth Rogoff, explores the past, present, and future of currency, from ancient China to cryptocurrencies. With a record amount of cash in circulation - $1.4 trillion in U.S. dollars alone - most of it is used to finance tax evasion, corruption, terrorism, and the massive global underground economy. Rogoff explains why countries must establish effective negative interest rate policies to manage the next financial crisis, even if governments take better control of paper currency. A thought-provoking and engaging read.
Дата публикации
2016-09-06T00:00:00.000Z
2016-09-06T00:00:00.000Z
Рейтинг Goodreads
3.56
ISBN
9780691178363
Категории
Рекомендации
1
Рекомендации
2016-10-15T11:27:34.000Z
good book-of-the-year morning @krogoff has written a courageous book many many people hate his idea of limiting cash. the CoC is balanced...      источник