01961cas a2200241 a 4500 AALejournalIMF017537 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475589252 1018-5941 BD-DhAAL BD-DhAAL Kireyev, Alexei. The Macroeconomics of De-Cashing / Alexei Kireyev. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2017/071 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/071/001.2017.issue-071-en.xml IMF e-Library