Seigniorage in the EC : The Implications of the EMS and Financial Market Integration

The Implications of the EMS and Financial Market Integration

Nopic
The paper measures the effects of the integration of European financial markets and lower inflation in the EMS on the revenue from seigniorage for the EC member countries with particular focus on the high inflation countries. Assuming that by 1992 all EC members participate fully in the EMS and reserve requirements are unified, the revenue from... READ MORE...

Publication date: January 1989
ISBN 9781451928303
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