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

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 rese...

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Dettagli Bibliografici
Ente Autore: International Monetary Fund
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 1989.
Serie:IMF Working Papers; Working Paper ; No. 1989/007
Accesso online:Full text available on IMF