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.'...
| Κύριος συγγραφέας: | |
|---|---|
| Μορφή: | Επιστημονικό περιοδικό |
| Γλώσσα: | English |
| Έκδοση: |
Washington, D.C. :
International Monetary Fund,
1991.
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| Σειρά: | IMF Working Papers; Working Paper ;
No. 1991/001 |
| Διαθέσιμο Online: | Full text available on IMF |