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 |
---|---|
Hauptverfasser: | , |
Format: | IHS Series NonPeerReviewed |
Sprache: | Englisch |
Veröffentlicht: |
Institut für Höhere Studien
1996
|
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.; |
---|