{"title":"Kenneth S. Rogoff","description":"\u003cp\u003e\u003cstrong\u003eKenneth S. Rogoff\u003c\/strong\u003e offers profound insights into global economics and financial history, exploring the intricate forces behind fiscal crises and monetary policy. His works, such as \u003cem\u003eThe Curse of Cash\u003c\/em\u003e and \u003cem\u003eThis Time Is Different\u003c\/em\u003e, challenge conventional thinking and provide rigorous analysis of economic dynamics that shape our world.\u003c\/p\u003e\n\n\u003cp\u003eIdeal for readers interested in \u003cem\u003epolitics\u003c\/em\u003e and \u003cem\u003ecurrent affairs\u003c\/em\u003e, Rogoff's books blend scholarly depth with accessible explanations, making complex topics engaging and essential for understanding contemporary economic challenges and policymaking.\u003c\/p\u003e","products":[{"product_id":"the-curse-of-cash-by-kenneth-s-rogoff-9780691178363","title":"The Curse of Cash","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eFrom the New York Times bestselling author of \u003cem\u003eThis Time Is Different\u003c\/em\u003e, this book is \"a fascinating and important book\" (Ben Bernanke) about phasing out most paper money to fight crime and tax evasion, and to battle financial crises by tapping the power of negative interest rates.\u003c\/p\u003e\n\n\u003cp\u003eThe world is drowning in cash—and it's making us poorer and less safe. In \u003cem\u003eThe Curse of Cash\u003c\/em\u003e, Kenneth Rogoff, one of the world's leading economists, makes a persuasive and fascinating case for an idea that until recently would have seemed outlandish: getting rid of most paper money.\u003c\/p\u003e\n\n\u003cp\u003eEven as people in advanced economies are using less paper money, there is more cash in circulation—a record $1.4 trillion in U.S. dollars alone, or $4,200 for every American, mostly in $100 bills. And the United States is hardly exceptional. So what is all that cash being used for?\u003c\/p\u003e\n\n\u003cp\u003eThe answer is simple: a large part is feeding tax evasion, corruption, terrorism, the drug trade, human trafficking, and the rest of a massive global underground economy. As Rogoff shows, paper money can also cripple monetary policy.\u003c\/p\u003e\n\n\u003cp\u003eIn the aftermath of the recent financial crisis, central banks have been unable to stimulate growth and inflation by cutting interest rates significantly below zero for fear that it would drive investors to abandon treasury bills and stockpile cash. This constraint has paralyzed monetary policy in virtually every advanced economy and is likely to be a recurring problem in the future.\u003c\/p\u003e\n\n\u003cp\u003e\u003cem\u003eThe Curse of Cash\u003c\/em\u003e offers a plan for phasing out most paper money—while leaving small-denomination bills and coins in circulation indefinitely—and addresses the issues the transition will pose, ranging from fears about privacy and price stability to the need to provide subsidized debit cards for the poor.\u003c\/p\u003e\n\n\u003cp\u003eWhile phasing out the bulk of paper money will hardly solve the world's problems, it would be a significant step toward addressing a surprising number of very big ones. Provocative, engaging, and backed by compelling original arguments and evidence, \u003cem\u003eThe Curse of Cash\u003c\/em\u003e is certain to spark widespread debate.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"NewSouth Books","offers":[{"title":"Default Title","offer_id":47461521883372,"sku":"9780691178363","price":49.99,"currency_code":"NZD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9780691178363-the-curse-of-cash.jpg?v=1774970290"},{"product_id":"this-time-is-different-by-kenneth-s-rogoff-9780691152646","title":"This Time Is Different","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e\u003cstrong\u003eA comprehensive look at international financial crises that puts more recent economic meltdowns into perspective\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cp\u003eThroughout history, rich and poor countries alike have been lending, borrowing, crashing — and recovering — their way through an extraordinary range of financial crises. Each time, the experts have chimed, \"this time is different\" — claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters.\u003c\/p\u003e\n\n\u003cp\u003eWith this breakthrough study, leading economists Carmen Reinhart and Kenneth Rogoff definitively prove them wrong. Covering sixty-six countries across five continents, \u003ci\u003eThis Time Is Different\u003c\/i\u003e presents a comprehensive look at the varieties of financial crises, and guides us through eight astonishing centuries of government defaults, banking panics, and inflationary spikes — from medieval currency debasements to today's subprime catastrophe.\u003c\/p\u003e\n\n\u003cp\u003eCarmen Reinhart and Kenneth Rogoff, leading economists whose work has been influential in the policy debate concerning the current financial crisis, provocatively argue that financial combustions are universal rites of passage for emerging and established market nations. The authors draw important lessons from history to show us how much — or how little — we have learned. Using clear, sharp analysis and comprehensive data, Reinhart and Rogoff document that financial fallouts occur in clusters and strike with surprisingly consistent frequency, duration, and ferocity. They examine the patterns of currency crashes, high and hyperinflation, and government defaults on international and domestic debts — as well as the cycles in housing and equity prices, capital flows, unemployment, and government revenues around these crises.\u003c\/p\u003e\n\n\u003cp\u003eWhile countries do weather their financial storms, Reinhart and Rogoff prove that short memories make it all too easy for crises to recur. An important book that will affect policy discussions for a long time to come, \u003ci\u003eThis Time Is Different\u003c\/i\u003e exposes centuries of financial missteps.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003e\u003ci\u003eThis Time Is Different\u003c\/i\u003e doesn't simply explain what went wrong in our most recent crisis. This book also provides a roadmap of how things are likely to pan out in the years to come... \u003ci\u003eThis Time Is Different\u003c\/i\u003e is an important addition to the literature of financial history.\u003c\/strong\u003e — Edward Chancellor, \u003ci\u003eWall Street Journal\u003c\/i\u003e\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eThis Time Is Different [is a] landmark work on financial crises.\u003c\/strong\u003e — Megan McArdle, \u003ci\u003eTheAtlantic.com\u003c\/i\u003e\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eUnlike prior narrative accounts of market panics from other finance writers... Reinhart and Rogoff give us a data-driven study that is global in sweep but also a model of clarity. The authors package their notably non-hysterical analysis of the latest crisis in a large, self-contained section of the book inviting harried readers to skip right ahead to it.\u003c\/strong\u003e — Daniel Akst, \u003ci\u003eCNNMoney.com\u003c\/i\u003e\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Hachette Aotearoa New Zealand","offers":[{"title":"Default Title","offer_id":47559077789932,"sku":"9780691152646","price":54.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9780691152646-this-time-is-different.jpg?v=1776929267"}],"url":"https:\/\/bookhero.co.nz\/collections\/kenneth-s-rogoff.oembed","provider":"Book Hero","version":"1.0","type":"link"}