Jens Reich, "General Theory of Seigniorage"

In proposing a general and comprehensive institutional toolkit which can be applied to any currency supply regime of a central government it provides a general theory of seigniorage. To demonstrate the latter, the theory is applied to the Eurozone, determining the inflationary limits to government purchases. Lastly, it formulates two open questions for future research. The first concerns the relation of monetary theory and equilibrium theory, in particular with respect to interest rates. The second raises the question whether similarities between currency and other privately issued liabilities, like bank money or derivatives, might lead to similar, signiorage-like revenues from their supply.

https://link.springer.com/chapter/10.1007/978-3-319-63124-0_8

#economics #money #seigniorage #JensReich