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Seigniorage is the ability of a central bank to capture real resources from the economy through the creation of nominal primary money. This article investigates the conditions of financial vulnerability in foreign currency of the BCB that would limit its essential functions as lender of last...
Persistent link: https://www.econbiz.de/10015084244
Seigniorage is the ability of a central bank to capture real resources from the economy through the creation of nominal primary money. This article investigates the conditions of financial vulnerability in foreign currency of the BCB that would limit its essential functions as lender of last...
Persistent link: https://www.econbiz.de/10015361341