An incentive-compatible suggestion for seigniorage sharing with dollarizing countries
Sixteen countries now treat the U.S. dollar as legal tender. Although dollarizing can help emerging-market countries gain monetary credibility and avoid currency crises, many do not want to give up the seigniorage revenues associated with issuing their own fiat currency. This article offers a proposal for seigniorage sharing.
Volume (Year): (2002)
Issue (Month): Jun ()
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