The Curse of Cash

The Curse of Cash

Rogoff, Kenneth. The Curse of Cash : with a new afterword / K. S. Rogoff. - Princeton, N.J. ; Oxford : Princeton University Press, 2016. - xii, 303 p. - ISBN 978-0-691-17836-3.

The world is drowning in cash - and it’s making us poorer and less safe. "New York Times" bestselling author of "This Time Is Different" Kenneth Rogoff makes a persuasive and fascinating case for an idea that until recently would have seemed outlandish: getting rid of large-denomination currency. People in advanced economies are using less paper money, but there is more cash in circulation. Rogoff shows that all this extra cash is used to facilitate crime and support a massive global underground economy. It has also hindered monetary policy during times of economic uncertainty. "The Curse of Cash" offers a comprehensive plan to phase out large-denomination currency and addresses the issues the transition will pose. Provocative, engaging, and backed by compelling original arguments and evidence, "The Curse of Cash" is certain to spark widespread debate.

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