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|z 9781475589252
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|a 1018-5941
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|a Kireyev, Alexei.
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|a The Macroeconomics of De-Cashing /
|c Alexei Kireyev.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2017.
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|a 1 online resource (26 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2017/071
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2017/071/001.2017.issue-071-en.xml
|z IMF e-Library
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