The curse of cash: how large-denomination bills aid crime and tax evasion and constrain monetary policy

In: ProQuest Ebook Central

Abstract

Cover -- Title -- Copyright -- Dedication -- CONTENTS -- Preface -- Chapter 1: Introduction and Overview -- PART I: The Dark Side of Paper Currency: Tax and Regulatory Evasion, Crime, and Security Issues -- Chapter 2: The Early Development of Coins and Paper Currency -- Chapter 3: Size and Composition of Global Currency Supplies, and the Share Held Abroad -- Chapter 4: Holdings of Currency in the Domestic, Legal, Tax- Paying Economy -- Chapter 5: Currency Demand in the Underground Economy -- Chapter 6: Seigniorage -- Chapter 7: A Plan for Phasing Out Most Paper Currency -- PART II: Negative Interest Rates -- Chapter 8: The Cost of the Zero Bound Constraint -- Chapter 9: Higher Inflation Targets, Nominal GDP, Escape Clauses, and Fiscal Policy -- Chapter 10: Other Paths to Negative Interest Rates -- Chapter 11: Other Possible Downsides to Negative Nominal Policy Rates -- Chapter 12: Negative Interest Rates as a Violation of Trust and a Step Away from Rule- Based Systems -- PART III: International Dimensions and Digital Currencies -- Chapter 13: International Dimensions to Phasing Out Paper Currency -- Chapter 14: Digital Currencies and Gold -- Afterword to the Paperback Edition -- Final Thoughts -- Acknowledgments -- Appendix -- Notes -- References -- Index.