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Global Bookmark offers long-form examinations of global trends and challenges, viewed through the lens of important new books.
The Bonfire of the Currencies?
Two recent books by renowned economists have set the stage for today's great debate over the future of money in a digital age. In particular, public and private moneys are entering into a sustained rivalry, with far-reaching implications for markets and politics.
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Kenneth S. Rogoff, The Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy, Princeton University Press, 2017.
SANTA BARBARA – Ready or not, the financial world is being forced to face the possibility of a future without traditional notes and coins. Is cash going the way of the dodo? Should the prospect of its extinction be welcomed or feared? And what would its disappearance mean for domestic and global markets and politics?