European Financial Integration and Revenue from Seignorage : The Case of Italy

The Case of Italy

Nopic
Financial integration is likely to entail EEC-wide convergence in both inflation rates and bank reserve requirements, thereby lowering some governments' seignorage revenues. These revenue losses, however, may be offset by concomitant effects on exchange rate expectations and on interest rates on publicly held government debt. In Italy, the high... READ MORE...

Publication date: May 1989
ISBN 9781451976298
$10.00

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Publication date: May 1989

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