Nuti, Domenico Mario (contributor) - 2001 - [Elektronische Ressource]
peg with inflation targeting as a reasonable
compromise).
Out of the two extremes, a floating exchange rate is often … trade expansion and the cost of significant seigniorage
loss. Such a cost is bound to fall with persistent low inflation and ….
Unilateral euroisation would also have costs; first and foremost, a loss of seigniorage, though
current trends of lower inflation …