Does it matter how seigniorage is measured?
- 1 June 1996
- journal article
- research article
- Published by Taylor & Francis in Applied Financial Economics
- Vol. 6 (3) , 293-300
- https://doi.org/10.1080/096031096334321
Abstract
The practical implications in applied work of the different conceptual approaches to measuring seigniorage have tended to be glossed over in empirical work. Neglect of these important measurement issues can lead to mistaken inferences, especially in respect of those developing and transitional economies where inflation, and recourse to monetary finance, is highly variable.Keywords
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