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Author Reich, Jens.
Title Seigniorage : on the revenue from the creation of money / Jens Reich.
Imprint Cham, Switzerland : Springer Verlag, [2017]

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Author Reich, Jens.
Subject Seigniorage (Finance)
Monetary policy.
Description 1 online resource
Bibliography Note Includes bibliographical references.
Summary This book analyzes the revenues from the creation of currency by a central government. Adopting an institutional perspective, it develops a general theory of seigniorage by identifying three monetary regimes in economic history and the history of economic thought: a commodity currency, a fiat currency and a credit currency regime. As such it provides a modern analytical framework to analyze the nature of revenues from the creation of currency and their optimal height, whether currency is issued by means of minting coins, by printing and spending paper notes, by crediting private entities, or combinations thereof. The results of this analysis stretch beyond the immediate topic. The book establishes a relationship between the theory of seigniorage and government debt, the theory of the interest rate, the optimal rate of inflation, or the effectiveness and inflationary limits of outright monetary transactions.
Contents Preface -- 1 Seigniorage in Institutional Perspective -- 2 Seigniorage in the History of Economic Thought -- 3 Seigniorage from Fiat Currency: Presents State of Economics -- 4 Seigniorage from Commodity Currency -- 5 Seigniorage from Credit Currency -- 6 Seigniorage in Mixed Currency Systems -- 7 Extended Seignorage -- 8 General Theory of Seigniorage.
Note Vendor-supplied metadata.
ISBN 9783319631240 (electronic bk.)
3319631241 (electronic bk.)
ISBN/ISSN 10.1007/978-3-319-63124-0
OCLC # 1004360268
Additional Format Print version: Reich, Jens. Seigniorage. Cham, Switzerland : Springer Verlag, [2017] 9783319631233 3319631233 (OCoLC)992746321

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