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Persistent link: https://www.econbiz.de/10001546934
The author of this paper criticizes the broad, cash-flow based concepts of seignorage that were introduced and emphasized by the economic literature of the 1990s (i.e., fiscal seignorage, total seignorage, etc.), which the author argues are ill justified and confusing. On the other hand, the two...
Persistent link: https://www.econbiz.de/10008549697