Kennen Sie schon unseren Geschäftskundenservice? Wir beraten Sie gerne.
Fokusthemen
Publikationen
Services
Autorinnen/Autoren
Verlag
Shop
LEXIA
Zeitschriften
SachbuchLOKISemaphor
Seigniorage

Seigniorage

On the Revenue from the Creation of Money
<p>Develops a general theory of seigniorage</p> <p>Analyzes the revenues from the creation of currency by a central government</p> <p>Illustrates the creation of currency,&nbsp;whether it is issued by means of minting coins, by printing and spending paper notes, or by crediting private entities</p> <p>Covers the history of economic thought on seigniorage</p>

Inhalt

<div><div><p>This book analyzes the revenues from the creation of currency by a central government. Adopting an institutional perspective, it develops a general theory of seigniorage by identifying three monetary regimes in economic history and the history of economic thought: a commodity currency, a fiat currency and a credit currency regime. As such it provides a modern analytical framework to analyze the nature of revenues from the creation of currency and their optimal height, whether currency is issued by means of minting coins, by printing and spending paper notes, by crediting private entities, or combinations thereof.&nbsp;</p><p> </p><p>The results of this analysis stretch beyond the immediate topic. The book establishes a relationship between the theory of seigniorage and government debt, the theory of the interest rate, the optimal rate of inflation, or the effectiveness and inflationary limits of outright monetary transactions.</p></div></div>

Bibliografische Angaben

September 2017, Englisch
SPRINGER
9783319631240

Inhaltsverzeichnis

Schlagworte

Weitere Titel zum Thema