Advanced Search
MyIDEAS: Login to save this paper or follow this series

Zur aktuellen Diskussion des Just-Retour in der EWU: Seigniorage-Wettbewerb und Verteilungsspielraeume aus fiskalischer Sicht

Contents:

Author Info

  • Gregor A. Larbig
Registered author(s):

    Abstract

    With the forthcoming single currency the current discussion on fair returns not only focuses on the transfers to the EC but also on the implicit gains and losses in seigniorage revenues for each single participant of the EMU. After a short clarification of differient concepts of seigniorage and their pros and cons, a comparative survey of the latest research on seigniorage distribution within the EMU is given. Comparing the results it becomes obvious that the potential gains and losses are massive (up to -90 billion DEM in total seigniorage wealth and up to 5,3 billion DEM p.a. in the case of Germany) and will hence cause severe political pressure to correct the distribution scheme for the revenues of the ECB towards a fairer distribution of seigniorage, for which this paper suggests an alternative key of distribution. Although this view might be somewhat shortsighted the question might be raised whether this quid pro quo proceeding is compatible with ideas of solidarity and fiscal federalism as laid down in the European treaties.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.wiwi.uni-jena.de/Papers/wp-b9707.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultïät in its series Working Paper Series B with number 1997-07.

    as in new window
    Length:
    Date of creation: 15 Aug 1997
    Date of revision:
    Handle: RePEc:jen:jenavo:1997-07

    Contact details of provider:
    Postal: Carl-Zeiss-Strasse 3, 07743 JENA
    Phone: +049 3641/ 9 43000
    Fax: +049 3641/ 9 43000
    Web page: http://www.wiwi.uni-jena.de/
    More information through EDIRC

    Order Information:
    Postal: If a paper is not downloadable, please contact the author(s) or the library of University of Jena, not the archive maintainer.

    Related research

    Keywords: seigniorage; fiscal integration; monetary integration; fair retour; federalism; solidarity;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:jen:jenavo:1997-07. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.