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Seigniorage: An argument for a national currency? CEPS Reports in Finance and Banking No. 28, 1 August 2002

Schobert, Franiska. (2002) Seigniorage: An argument for a national currency? CEPS Reports in Finance and Banking No. 28, 1 August 2002. UNSPECIFIED.

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    Abstract

    Seigniorage has often been cited as one of the most important and most readily quantifiable arguments for a government not to give up its monopoly in base money. The analysis in this paper however points to the contrary, that for many countries the success in exploiting seigniorage has in fact been limited. In their search for a viable monetary regime and in the face of further liberalisation of capital markets, Central and Eastern European countries are advised to consider euroisation as a way to achieve price stability without exchange rate volatility.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > External relations > EU-Central and Eastern Europe
    EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Research Reports in Finance and Banking
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 20 Aug 2009
    Page Range: p. 55
    Last Modified: 06 Apr 2012 11:29
    URI: http://aei.pitt.edu/id/eprint/9566

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