The Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy

CONTENTS\nPREFACE\nChapter 1: Introduction and Overview\nPART I: The Dark Side of Paper Currency: Tax and Regulatory Evasion, Crime, and Security Issues\nChapter 2: The Early Development of Coins and Paper Currency\nChapter 3: Size and Composition of Global Currency Supplies, and the Share Held Abroad\nChapter 4: Holdings of Currency in the Domestic, Legal, Tax- Paying Economy\nChapter 5: Currency Demand in the Underground Economy\nChapter 6: Seigniorage\nChapter 7: A Plan for Phasing Out Most Paper Currency\nPART II: Negative Interest Rates\nChapter 8: The Cost of the Zero Bound Constraint\nChapter 9: Higher Inflation Targets, Nominal GDP, Escape Clauses, and Fiscal Policy\nChapter 10: Other Paths to Negative Interest Rates\nChapter 11: Other Possible Downsides to Negative Nominal Policy Rates\nChapter 12: Negative Interest Rates as a Violation of Trust and a Step Away from Rule- Based Systems\nPART III: International Dimensions and Digital Currencies\nChapter 13: International Dimensions to Phasing Out Paper Currency\nChapter 14: Digital Currencies and Gold\nAfterword to the Paperback Edition\nFinal Thoughts\nAcknowledgments\nAppendix\nNotes\nReferences\nIndex