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Seigniorage in the EC

Seigniorage in the EC »

Source: Seigniorage in the EC : The Implications of the EMS and Financial Market Integration

Volume/Issue: 1989/7

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1989

ISBN: 9781451928303

Keywords: inflation, definition of seigniorage, inflation rates, reserve requirements, inflation rate

The paper measures the effects of the integration of European financial markets and lower inflation in the EMS on the revenue from seigniorage for the EC member countries with particular focus on the high inflation...

Welfare Costs of Inflation, Seigniorage, and Financial Innovation

Welfare Costs of Inflation, Seigniorage, and Financial Innovation »

Source: IMF Staff papers : Volume 38 No. 4

Volume: 38

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1991

ISBN: 9781451930801

Keywords: inflation, seigniorage, interest, rate of inflation, inflation tax

The welfare effects of mitigating the costs of inflation are examined. In a model where money reduces transactions costs, a fall in inflation costs is equivalent to financial innovation. This can be caused by payin...

Spending Seigniorage

Spending Seigniorage »

Source: Spending Seigniorage : Do Central Banks Have a Governance Problem?

Volume/Issue: 2006/58

Series: IMF Working Papers

Author(s): Alain Ize

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2006

ISBN: 9781451863185

Keywords: seigniorage, expenditures, central bank, reserve accumulation, currency composition, Structure, Scope, and Performance of Government,

This paper reviews how central banks allocate seigniorage, based on systematic crosscountry comparisons of their financial accounts. Central banks are classified as weak or strong, depending upon their structural p...

The Political Economy of Seigniorage

The Political Economy of Seigniorage »

Source: The Political Economy of Seigniorage

Volume/Issue: 2005/175

Series: IMF Working Papers

Author(s): Ari Aisen , and Francisco José Veiga

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2005

ISBN: 9781451861945

Keywords: Seigniorage, political instability, institutions, political rights, freedom house, political parties, political science,

While most economists agree that seigniorage is one way governments finance deficits, there is less agreement about the political, institutional, and economic reasons for relying on it. This paper investigates the...

Virtual Deficits and the Patinkin Effect1

Virtual Deficits and the Patinkin Effect1 »

Source: Virtual Deficits and the Patinkin Effect

Volume/Issue: 1998/41

Series: IMF Working Papers

Author(s): Eliane Cardoso

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1998

ISBN: 9781451846072

Keywords: Inflation, fiscal deficits, seigniorage, reverse Tanzi effect, stabilization, reserve requirement, central bank, inflation rates, inflation rate, high inflation

The paper develops a model of inflationary finance that defines the fiscal deficit as a function of the virtual deficit-a deficit that would be observed if inflation were zero. It studies the negative relationship...

Dollarization in Cambodia

Dollarization in Cambodia »

Source: Dollarization in Cambodia : Causes and Policy Implications

Volume/Issue: 2011/49

Series: IMF Working Papers

Author(s): Nombulelo Duma

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2011

ISBN: 9781455218936

Keywords: seigniorage, foreign currency, monetary policy, inflation, macroeconomic stability, Central Banking, And The Supply Of Money And Credit,

Over the past decade, Cambodia has become Asia's most dollarized economy. In contrast, dollarization in neighboring Lao P.D.R., Mongolia, and Vietnam has been either declining or broadly stable. Somewhat paradoxica...

Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa

Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa »

Source: Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa

Volume/Issue: 2004/216

Series: IMF Working Papers

Author(s): Catherine Pattillo , Stephen O'Connell , Christopher Adam , and Edward Buffie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2004

ISBN: 9781451875119

Keywords: Africa, Aid, Currency substitution, Development assistance, Exchange rate policy, Sterilization, Seigniorage, exchange rate, inflation, real exchange rate

We focus on the management of highly persistent shocks to aid flows, including PRSP-related increases in net inflows, in three 'post-stabilization.' African economies with de jure flexible exchange rates. Such shoc...

Seigniorage in the EC
			: The Implications of the EMS and Financial Market Integration

Seigniorage in the EC : The Implications of the EMS and Financial Market Integration »

Volume/Issue: 1989/7

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1989

DOI: http://dx.doi.org/10.5089/9781451928303.001

ISBN: 9781451928303

Keywords: inflation, definition of seigniorage, inflation rates, reserve requirements, inflation rate

The paper measures the effects of the integration of European financial markets and lower inflation in the EMS on the revenue from seigniorage for the EC member countries with particular focus on the high inflation...

IMF Staff papers
			: Volume 38 No. 4

IMF Staff papers : Volume 38 No. 4 »

Volume: 38

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1991

DOI: http://dx.doi.org/10.5089/9781451930801.024

ISBN: 9781451930801

Keywords: inflation, seigniorage, interest, rate of inflation, inflation tax

The welfare effects of mitigating the costs of inflation are examined. In a model where money reduces transactions costs, a fall in inflation costs is equivalent to financial innovation. This can be caused by payin...

The Political Economy of Seigniorage

The Political Economy of Seigniorage »

Volume/Issue: 2005/175

Series: IMF Working Papers

Author(s): Ari Aisen , and Francisco José Veiga

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2005

DOI: http://dx.doi.org/10.5089/9781451861945.001

ISBN: 9781451861945

Keywords: Seigniorage, political instability, institutions, political rights, freedom house, political parties, political science,

While most economists agree that seigniorage is one way governments finance deficits, there is less agreement about the political, institutional, and economic reasons for relying on it. This paper investigates the...