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A Review Of Theoretical Approaches About Seigniorage

Author

Listed:
  • Camelia, BALTARETU

    (”Victor Slavescu” Financial and Monetary Research Center, Romanian Academy, Romania)

Abstract

In the literature and in practice there is no unanimity regarding the definition and the measurement of seigniorage revenue. Usually, the seigniorage is seen as an important source of government finance without levying conventional taxes. In this paper, the author presents some main conceptual aspects of seigniorage that have been used in the literature, trying to delineate these terms : monetary seigniorage, fiscal seigniorage, inflation tax, opportunity cost of holding money.

Suggested Citation

  • Camelia, BALTARETU, 2016. "A Review Of Theoretical Approaches About Seigniorage," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 1(1), pages 82-88.
    • Handle: RePEc:brc:brccej:v:1:y:2016:i:1:p:82-88
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    File URL: http://www.revec.ro/papers/160105.pdf
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    References listed on IDEAS

    as
    1. Aisen, Ari & Veiga, Francisco José, 2008. "The political economy of seigniorage," Journal of Development Economics, Elsevier, vol. 87(1), pages 29-50, August.
    2. Buiter, Willem H, 1988. "Structural and Stabilization Aspects of Fiscal and Financial Policy in the Dependent Economy," Oxford Economic Papers, Oxford University Press, vol. 40(2), pages 220-245, June.
    3. Click, Reid W, 1998. "Seigniorage in a Cross-Section of Countries," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 30(2), pages 154-171, May.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Patnaik, Ila & Pandey, Radhika, 2019. "How much equity capital should a central bank hold?," Working Papers 19/262, National Institute of Public Finance and Policy.

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    More about this item

    Keywords

    seigniorage revenue; tax inflation; money creation; financing budget deficit;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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