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The Curse of Cash By Kenneth S. Rogoff Illustrated Hardcover Book NEW
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eBay item number:136212761510
Item specifics
- Condition
- Brand New: A new, unread, unused book in perfect condition with no missing or damaged pages. See all condition definitionsopens in a new window or tab
- Signed
- No
- Ex Libris
- No
- Features
- Illustrated
- Country/Region of Manufacture
- United States
- Inscribed
- No
- Vintage
- No
- ISBN
- 9780691172132
About this product
Product Identifiers
Publisher
Princeton University Press
ISBN-10
0691172137
ISBN-13
9780691172132
eBay Product ID (ePID)
222105334
Product Key Features
Book Title
Curse of Cash
Number of Pages
296 Pages
Language
English
Publication Year
2016
Topic
Public Finance, Economics / Macroeconomics, Coins, Currency & Medals, Money & Monetary Policy
Illustrator
Yes
Genre
Antiques & Collectibles, Business & Economics
Format
Hardcover
Dimensions
Item Height
0.9 in
Item Weight
19 Oz
Item Length
9.5 in
Item Width
6.4 in
Additional Product Features
Intended Audience
Trade
LCCN
2016-014943
Reviews
"[ The Curse of Cash ] is a fascinating contribution to the debate about what might be done to help get many wealthy countries out of an economic funk." --Clancy Yeates, Sydney Morning Herald, [A] fascinating economic manifesto. . . . [ The Curse of Cash ] is an absorbing exploration of the uses, and misuses, of currency, and its intractability in controlling modern economies., "Meticulously written, [ The Curse of Cash ] covers everything needed for such a monetary reform. But the book is not excessively polemical. Rogoff details almost all the arguments against tinkering with paper currency, then labors to refute or defuse them." ---Peter Garber, Finance & Development, "[ The Curse of Cash ] is a fascinating contribution to the debate about what might be done to help get many wealthy countries out of an economic funk." ---Clancy Yeates, Sydney Morning Herald, Recommended for readers who seek a greater understanding of negative interest rates and the possibility of eliminating cash., Economist Rogoff, the former chief economist of the International Monetary Fund, offers a detailed case for eliminating paper money. . . . For both the elimination of paper money and the employment of negative interest rates to combat deflationary recessions, Rogoff painstakingly presents both the advantages and the drawbacks. . . . Provocative., "In a brilliant and lucid new book, The Curse of Cash , the Harvard economist Kenneth Rogoff gives a fascinating and thorough account of the argument against cash." ---John Lanchester, New York Times Magazine, "Ken Rogoff led the way in stressing the now widely accepted public policy benefits of eliminating large-denomination currency. His new book provides cogent arguments for an even bolder step: eliminating cash altogether. The proposal could not be more timely, and his arguments deserve consideration by policymakers and the general public alike." --Michael Woodford, Columbia University, "An illuminating, provocative and fact-packed work that does make you wonder why on earth we allow so much cash to slosh around. It also exposes some well-worn pub truths as urban myths." ---Patrick Hosking, The Times, "[Rogoff] understands that getting rid of cash . . . is not exactly an easy sell. So Rogoff builds the case against cash, loading up on all the things wrong with paper money. . . . Rogoff's case against cash is so cogently argued that it's hard to believe that we haven't already gotten rid of paper bills and coins--or at least larger bills." ---Mark Gimein, Strategy+Business.com,, "Rogoff makes a compelling case for the crime-fighting power of his idea." --David Nicklaus, St. Louis Post Dispatch, "An excellent book on the history and the origins of cash, which also goes into much depth on the issue of cash constraining monetary policy." ---Jon Hartley, Forbes.com, "Most people like cash. Not Kenneth Rogoff--for reasons ranging from its benefits to organized crime to the way it impedes antirecessionary monetary policy. He's written a tour de force explaining why. Reading it will make you both smile and think." --Alan S. Blinder, author of After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead, "[Rogoff] understands that getting rid of cash . . . is not exactly an easy sell. So Rogoff builds the case against cash, loading up on all the things wrong with paper money. . . . Rogoff's case against cash is so cogently argued that it's hard to believe that we haven't already gotten rid of paper bills and coins--or at least larger bills." ---Mark Gimein, Strategy+Business.com, "An excellent book on the history and the origins of cash, which also goes into much depth on the issue of cash constraining monetary policy." ---Jon Hartley, Forbes.com,, "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, " The Curse of Cash is a well-argued book and Rogoff is a good economist." ---Pierre Lemieux, Regulation, "[ The Curse of Cash ] makes the case for encouraging the U.S. government to drastically scale back on $100 bills in circulation. The book . . . offers a thought-provoking theory for phasing out paper money, not eliminating it." ---Susan Tompor, Detroit Free Press, "In this fascinating and important book, Kenneth Rogoff argues forcefully that advanced economies should phase out cash because it facilitates crime and constrains policy. With a wealth of data and clear explanations, the book demystifies central banking and negative interest rates, thus elevating the discussion of both." --Anat R. Admati, coauthor of The Bankers' New Clothes: What's Wrong with Banking and What to Do about It, You may not have any in your wallet, but $100 bills make up an astonishing 80 percent of the U.S. currency in circulation. In his new book, The Curse of Cash , Kenneth Rogoff . . . proposes a plan to phase out most paper currency in the United States and other economically advanced nations, keeping only low-denomination notes to create what he terms a 'less-cash' society., "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, "Rogoff makes a compelling case for the crime-fighting power of his idea." ---David Nicklaus, St. Louis Post Dispatch, "Rogoff is always worth listening to. . . . Where Rogoff is on very solid ground is when he says the process of weaning us further off cash should begin with the abolition of high-denomination notes." ---David Smith, Sunday Times, " 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, "In a brilliant and lucid new book, The Curse of Cash , the Harvard economist Kenneth Rogoff gives a fascinating and thorough account of the argument against cash." --John Lanchester, New York Times Magazine, "The idea is not as crazy as it may sound. In a recent book, The Curse of Cash , Rogoff, says boring old paper (or plastic, in our case) bank notes are a major barrier to monetary policy--changing interest rates--fulfilling its potential. The book . . . is a fascinating contribution to the debate about what might be done to help get many wealthy countries out of an economic funk." --Clancy Yeates, Sydney Morning Herald, "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, "The great accomplishment of his book is that his arguments are convincing. . . . It's clear and coherent, and even if you disagree with him in the end, chances are you'll think a little bit differently about something of which most of us give no thought whatsoever." ---Bethany McLean, Washington Post, "In a witty new book, The Curse of Cash , economist Kenneth Rogoff argues the human race would be better off without paper money. He's onto something." --Hiawatha Bray, Boston Globe, "Ken Rogoff, the Harvard economist, who argues in [his] new book that we should start to phase out cash is, for me, on the money." ---Ben Chu, Independent, "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, "This book is a rare bird indeed: accessible, absorbing and often deadpan funny." ---Brian Bethune, Maclean's, Raising challenging questions, this book provides thoughtful insights on a subject that is likely to engage monetary policy arena for time to come., "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, "Ken Rogoff's The Curse of Cash is an accessible and provocative book--one of the best I have read on economic policy." ---Stephen Williamson, Business Economics, "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, "In a witty new book, The Curse of Cash , economist Kenneth Rogoff argues the human race would be better off without paper money. He's onto something." ---Hiawatha Bray, Boston Globe, "[A] fascinating economic manifesto. . . . [ The Curse of Cash ] is an absorbing exploration of the uses, and misuses, of currency, and its intractability in controlling modern economies." -- Publishers Weekly
TitleLeading
The
Dewey Edition
23
Dewey Decimal
332.4
Synopsis
From the New York Times bestselling author of This Time Is Different, "a fascinating and important book" (Ben Bernanke) about phasing out most paper money to fight crime and tax evasion--and to battle financial crises by tapping the power of negative interest rates The world is drowning in cash--and it's making us poorer and less safe. In The Curs, "A brilliant and lucid new book" (John Lanchester, New York Times Magazine ) about why paper money and digital currencies lie at the heart of many of the world's most difficult problems--and their solutions In The Curse of Cash , acclaimed economist and bestselling author Kenneth Rogoff explores the past, present, and future of currency, showing why, contrary to conventional economic wisdom, the regulation of paper bills--and now digital currencies--lies at the heart some of the world's most difficult problems, but also their potential solutions. When it comes to currency, history shows that the private sector often innovates but eventually the government regulates and appropriates. Using examples ranging from the history of standardized coinage to the development of paper money, Rogoff explains why the cryptocurrency boom will inevitably end with dominant digital currencies created and controlled by governments, regardless of what Bitcoin libertarians want. Advanced countries still urgently need to stem the global flood of large paper bills--the vast majority of which serve no legitimate purpose and only enable tax evasion and other crimes--but cryptocurrencies are like $100 bills on steroids. The Curse of Cash is filled with revealing insights about many of the most pressing issues facing monetary policymakers, from quantitative easing to alternative inflation targeting regimes. It also explains in detail why, if low interest rates persist, the best way to reinvigorate monetary policy is to implement fully effective and unconstrained negative interest rates. Provocative, engaging, and backed by compelling original arguments and evidence, The Curse of Cash has sparked widespread debate and its ideas have moved to the center of financial and policy discussions., From the New York Times bestselling author of This Time Is Different, "a fascinating and important book" (Ben Bernanke) about phasing out most paper money to fight crime and tax evasion--and to battle financial crises by tapping the power of negative interest rates The world is drowning in cash--and it's making us poorer and less safe. In The Curse of Cash, Kenneth Rogoff, one of the world's leading economists, makes a persuasive and fascinating case for an idea that until recently would have seemed outlandish: getting rid of most paper money. 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, or $4,200 for every American, mostly in $100 bills. And the United States is hardly exceptional. 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. 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 most paper money--while leaving small-denomination bills and coins in circulation indefinitely--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. While phasing out the bulk of paper money will hardly solve the world's problems, it would be a significant step toward addressing a surprising number of very big ones. Provocative, engaging, and backed by compelling original arguments and evidence, The Curse of Cash is certain to spark widespread debate., From the New York Times bestselling author of This Time Is Different , "a fascinating and important book" (Ben Bernanke) about the surprising reasons why paper money lies at the heart of many of the world's most difficult problems The world is drowning in cash--and it's making us poorer and less safe. In The Curse of Cash , acclaimed economist Kenneth Rogoff explores the past, present, and future of currency, from ancient China to today's cryptocurrencies, showing why, contrary to conventional economic wisdom, paper money surprisingly lies at the heart of some of the world's most difficult problems. Cash is becoming increasingly marginalized in the legal economy, but there is a record amount of it in circulation--$1.4 trillion in U.S. dollars alone, or $4,200 for every American, mostly in $100 bills--and most of it is used to finance tax evasion, corruption, terrorism, the drug trade, human trafficking, and the rest of a massive global underground economy. Paper money also cripples monetary policy by making it impossible for central banks to lower interest rates significantly below zero, and The Curse of Cash 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, perhaps by phasing out large-denomination notes, cryptocurrencies raise old and new issues. Looking to the future of public and private digital currency, The Curse of Cash cites the lesson of history: when it comes to currency, the private sector may innovate but eventually the government regulates and appropriates. Provocative, engaging, and backed by compelling original arguments and evidence, The Curse of Cash is certain to spark widespread debate.
LC Classification Number
HG350.R64 2016
Item description from the seller
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