| Author: | Klein, M. Neumann, M. |
| Title: | Seignorage: what is it and who gets it? |
| Journal: | Weltwirtschaftliches Archiv
1990 : VOL. 126:2, p. 205-221 |
| Index terms: | MONEY SUPPLY DEBT FINANCING |
| Language: | eng |
| Abstract: | Seignorage is the governments' revenue from the creation of money. Two concepts of seignorage appear in the literature: the opportunity cost and the monetary concept of seignorage. The article investigates both within a budgetary accounting framework. Distribution of monetary seignorage among different actors of the economy is analysed on West-German data. The volume of total seignorage income in main industrial countries is also given. |
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