The macroeconomics of de-cashing /

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Bibliographic Details
Author / Creator:Kireyev, Alexei P., author.
Imprint:[Washington, D.C.] : International Monetary Fund, 2017.
©2017
Description:1 online resource (27 pages)
Language:English
Series:IMF working paper, 1018-5941 ; WP/17/71
IMF working paper ; WP/17/71.
Subject:Macroeconomics.
BUSINESS & ECONOMICS -- Economics -- Macroeconomics.
POLITICAL SCIENCE -- Economic Conditions.
Macroeconomics.
Electronic books.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11705136
Hidden Bibliographic Details
ISBN:9781475589399
1475589395
1475589395
1475589255
9781475589252
ISSN:1018-5941
Notes:Print version record.
Summary:The paper presents a simple framework for the analysis of the macroeconomic implications of de-cashing. Defined as replacing paper currency with convertible deposits, de-cashing would affect all key macroeconomic sectors. The overall macreconomic impact of de-cashing would depend on the balance of growth-enhancing and growth-constraining factors. Starting from a traditional saving-investment balance, the paper develops a four-sector macroeconomic framework. It is purely illustrative and is designed to provide a roadmap for a systematic evaluation of de-cashing. The framework is disaggregated into the real, fiscal, monetary, and external sectors and potential implications of de-cashing are then identified in each sector. Finally, the paper draws a balance on possible positive and negative macroeconomic implications of de-cashing, and proposes policies capable of augmenting its economic and social benefits, while reducing potential costs.
Other form:Print version: Kireyev, Alexei P. Macroeconomics of De-Cashing. Washington, D.C. : International Monetary Fund, ©2017 9781475589252
Standard no.:10.5089/9781475589252.001