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state needs higher seigniorage revenue to generate the necessary income to cover government expenditure. These two theories …, that is, that corruption leads to a higher rate of inflation and/or higher seigniorage, will be tested for a cross …Diese Arbeit widmet sich der Analyse korrupter Strukturen in Zentralbanken und deren Auswirkungen auf die Geldpolitik …
Persistent link: https://www.econbiz.de/10009484798
Theory predicts that efficiency prevails on credence goods markets if customers are able to verify which quality they receive from an expert seller. In a series of experiments with endogenous prices we observe that verifiability fails to result in efficient provision behaviour and leads to very...
Persistent link: https://www.econbiz.de/10009438172
This dissertation presents a behavioral model of employee ownership and an experimental examination of the model. Chapter 1 reviews literature on employee ownership, gift-exchange, social preferences in experimental economics, and in-group bias. The model of employee ownership, presented in...
Persistent link: https://www.econbiz.de/10009450796
der Globalisierung eine wichtige Rolle als Bestimmungsfaktor der Ungleichheit zuordnen lassen, dürften nicht als Anregung …
Persistent link: https://www.econbiz.de/10009471896
the government’s seigniorage requirement. Our results argue that a managed float, with little or no sterilization of …
Persistent link: https://www.econbiz.de/10009441501
requirements and also by relying on seigniorage to finance their deficits. In the context of those practices, this research …
Persistent link: https://www.econbiz.de/10009441674
In this paper, we study the effects of bureaucratic corruption on fiscal policy and the subsequent impact on economic growth. Here corruption takes three forms: (i) it reduces the tax revenue raised from households, (ii) it inflates the volume of government spending, and (iii) it reduces the...
Persistent link: https://www.econbiz.de/10009480843
, dollarization is a win-win proposition exceptpossibly for some fiscal costs (called seigniorage in the technical jargon). In the …
Persistent link: https://www.econbiz.de/10009450720
The article analyzes the public spending of inflation and the reasons for its permanence. It is noted that inflation negatively affects the finances, monetary and the entire economic system. It reduces the purchasing ability of money, undermines the possibilities of economy regulation,...
Persistent link: https://www.econbiz.de/10011971426
bulgarischen Bankensystem und der Rolle der Notenbank als zentrale Instanz der Bankenaufsicht nach der Einführung von Basel II …
Persistent link: https://www.econbiz.de/10009447145