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Electronic money and seigniorage of EU central banks

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  • G.E. Hebbink

Abstract

This paper reports on a study conducted on behalf of the Task Force on Electronic Money of the EMI Working Group on EU Payment Systems. For different scenarios the effects of electronic money on seigniorage income of central banks in the EU are calculated. It is shown that the consequences of electronic money on seigniorage differ significantly between countries, but only under extreme assumptions the seigniorage loss will exceed 0.5% GNP.

Suggested Citation

  • G.E. Hebbink, 1997. "Electronic money and seigniorage of EU central banks," WO Research Memoranda (discontinued) 490, Netherlands Central Bank, Research Department.
  • Handle: RePEc:dnb:wormem:490
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    Cited by:

    1. Hebbink, Gerbert & Peeters, Marga, 1999. "The circulation of euro banknotes and coins in the Netherlands," MPRA Paper 23535, University Library of Munich, Germany.

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