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Seigniorage in Europe
Grilli, Vittorio - 2021
In this paper, based on the experience of ten European countries, we study the relevance of seigniorage revenues in the … consistent seigniorage policy, for others seigniorage appears to have been an important component of their financing policies …
Persistent link: https://www.econbiz.de/10013248704
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The Mystique Surrounding the Central Bank's Balance Sheet, Applied to the European Crisis
Reis, Ricardo - 2013
In spite of the mystique behind a central bank's balance sheet, its resource constraint bounds the dividends it can distribute by the present value of seignorage, which is a modest share of GDP. Moreover, the statutes of the Federal Reserve or the ECB make it difficult for it to redistribute...
Persistent link: https://www.econbiz.de/10013087884
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Eurowinners and Eurolosers : The Distribution of Seigniorage Wealth in Emu
Sinn, Hans-Werner - 2010
The European Monetary Union (EMU) will involve socialization of the existing seigniorage wealth of the national central … will suffer per capita wealth losses of between 406 and 182 ecus. This paper quantifies the gains and losses in seigniorage …
Persistent link: https://www.econbiz.de/10012763579
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On the risk of leaving the Euro
Macera, Manuel; Marcet, Albert; Nicolini, Juan Pablo - 2019
. We evaluate this policy change in a standard monetary model with seigniorage financing of the deficit. The main novel …
Persistent link: https://www.econbiz.de/10012041280
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On the time-varying effects of the ECB’s asset purchases
Zlobins, Andrejs - 2021
Persistent link: https://www.econbiz.de/10012792375
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Country-level effects of the ECB's expanded asset purchase programme
Zlobins, Andrejs - 2019
Persistent link: https://www.econbiz.de/10012135785
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Makroeconomic effects of the ECB's forward guidance
Zlobins, Andrejs - 2019
Persistent link: https://www.econbiz.de/10012155689
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ECB governance in an enlarged Eurozone
Bénassy-Quéré, Agnès (contributor);  … - 2005
Persistent link: https://www.econbiz.de/10003286897
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Bidding and performance in repo auctions : evidence from ECB open market operations
Bindseil, Ulrich (contributor); Nyborg, Kjell G. (contributor) - 2005
Persistent link: https://www.econbiz.de/10003308828
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The ECB's measures in support of the COVID-19 crisis
Benigno, Pierpaolo; Canofari, Paolo; Di Bartolomeo, Giovanni - 2021
Persistent link: https://www.econbiz.de/10013169541