Welfare Costs of Inflation, Seigniorage, and Financial innovation /
This paper examines the welfare effects of mitigating the costs of inflation. In a simple model where money reduces transaction costs, a fall in the costs of inflation is equivalent to financial innovation. This can be caused by paying interest on deposits, indexing money, or 'dollarizing.'...
| Prif Awdur: | |
|---|---|
| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
1991.
|
| Cyfres: | IMF Working Papers; Working Paper ;
No. 1991/001 |
| Mynediad Ar-lein: | Full text available on IMF |