Financial Repression, Inflation and Seigniorage: The Polish Experience
Abstract: A small analytic framework is build to analyse the relation between reserve requirements, inflation, and seigniorage revenues. From the analysis we can derive steady-state seigniorage revenues as a function of the rate of inflation and theintensity of financial repression. The framework is...| Link(s) zu Dokument(en): | IHS Publikation |
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| Hauptverfasser: | , |
| Format: | IHS Series NonPeerReviewed |
| Sprache: | Englisch |
| Veröffentlicht: |
Institut für Höhere Studien
1996
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| Zusammenfassung: | Abstract: A small analytic framework is build to analyse the relation between reserve requirements, inflation, and seigniorage revenues. From the analysis we can derive steady-state seigniorage revenues as a function of the rate of inflation and theintensity of financial repression. The framework is applied to the case of Poland that has undertaken a rapid transition to a market economy and implemented a substantial financial sector reform.; |
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