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The Macroeconomics of De-Cashing. [electronic resource] / Alexei P Kireyev.

Author/Creator:
Kireyev, Alexei P.
Publication:
Washington, D.C. : International Monetary Fund, 2017.
Format/Description:
Government document
Book
1 online resource (26 p.)
Series:
IMF eLibrary
IMF Working Papers
IMF Working Papers
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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.
Notes:
Part of the IMF eLibrary collection.
Description based on print version record.
Contributor:
Kireyev, Alexei P.
Other format:
Print Version: Kireyev, Alexei P The Macroeconomics of De-Cashing
ISBN:
1475589255
9781475589252
ISSN:
1018-5941
Publisher Number:
10.5089/9781475589252.001 doi
Access Restriction:
Restricted for use by site license.