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  • Seigniorage: On the Revenue from the Creation of Money

    Seigniorage by Reich, Jens;

    On the Revenue from the Creation of Money

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      • Publisher's listprice EUR 106.99
      • The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.

        44 374 Ft (42 261 Ft + 5% VAT)
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    44 374 Ft

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    Product details:

    • Edition number Softcover reprint of the original 1st ed. 2017
    • Publisher Springer International Publishing
    • Date of Publication 11 August 2018
    • Number of Volumes 1 pieces, Previously published in hardcover

    • ISBN 9783319874784
    • Binding Paperback
    • See also 9783319631233
    • No. of pages148 pages
    • Size 235x155 mm
    • Weight 454 g
    • Language English
    • Illustrations XV, 148 p. 29 illus. in color. Illustrations, color
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    Long description:

    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.

    Develops a general theory of seigniorage

    Analyzes the revenues from the creation of currency by a central government

    Illustrates the creation of currency, whether it is issued by means of minting coins, by printing and spending paper notes, or by crediting private entities

    Covers the history of economic thought on seigniorage

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    Table of 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.

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