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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
, 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
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
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 … unterschiedlichen L?ndern wie Zaire (demokratisch Kongo), Indonesien, Brasilien und Japan werden im Rahmen dieser Arbeit pr …
Persistent link: https://www.econbiz.de/10009484798
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
the time of each war, and in inflation-adjusted "constant dollars" updated to the most recently available estimates of FY … each war as a share of Gross Domestic Product (GDP) during the peak year of each conflict and of overall defense spending …
Persistent link: https://www.econbiz.de/10009482931
Persistent link: https://www.econbiz.de/10013205920
Event: Presentation of the Annual Report 2021. Organized by: Banco de España
Persistent link: https://www.econbiz.de/10013205927