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Hyperinflation in Zimbabwe : Money Demand, Seigniorage and Aid Shocks

McIndoe Calder, Tara - 2010

Zimbabwe has recently experienced record hyperinflation of 80 billion percent a month. This paper uses new data from … Zimbabwe to investigate money demand under hyperinflation using an ARDL estimation for the period 1980-2008. The results … calculate the maximum level of seigniorage revenue that could be raised in the economy. Actual seigniorage levels increased …

Persistent link: https://www.econbiz.de/10013143318

Seigniorage, (Hyper)Inflation and Money Demand in Venezuela in the XXI Century : A First Estimation Attempt

Saboin, Jose Luis - 2018

The present work estimates collected seigniorage levels in the Venezuelan economy from 1994Q1 to 2018Q2 and tries to … determine when and if a seigniorage-maximizing inflation rate occurred and this way provide a rational on the development of … hyperinflation in the country. Results suggest that the Venezuelan government acts as a seigniorage maximizer. The model predicts …

Persistent link: https://www.econbiz.de/10012906561

Currency Substitution and the Moneyness of Monetary Assets

Morón, Eduardo A. - 1998

The previous literature on dollarization processes has two basic problems. First is the poor empirical methods of measurement, and second is the lack of a clear definition of the phenomenon under study. Several methodological problems have not been successfully addressed. Foreign currency...

Persistent link: https://www.econbiz.de/10014068081

Hyperinflation in Zimbabwe : money demand, seigniorage and aid shocks

McIndoe-Calder, Tara - In: Applied economics 50 (2018) 15, pp. 1659-1675

Persistent link: https://www.econbiz.de/10011848833

Tax Evasion Policies and the Demand for Cash

Rainone, Edoardo - 2021

This paper analyzes the relationship between cash and tax evasion by studying the effects of two measures to fight evasion: accessing taxpayers’ banking data to check the consistency with reported income and discouraging the use of cash with thresholds on payments. We show that variation in...

Persistent link: https://www.econbiz.de/10013214405

Coin Seigniorage and Inflation

Fullwiler, Scott - 2011

This paper explains in detail why proof platinum coin seigniorage would not be inflationary …

Persistent link: https://www.econbiz.de/10013121639

Regional Debt in Monetary Unions : Is it Inflationary?

Cooper, Russell; Kempf, Hubert; Peled, Dan - 2010

This paper studies the inflationary implications of interest bearing regional debt in a monetary union. Is this debt simply backed by future taxation with no inflationary consequences? Or will the circulation of region debt induce monetization by a central bank? We argue here that both outcomes...

Persistent link: https://www.econbiz.de/10014190466

The Role of Central Bank Independence on Optimal Taxation and Seigniorage

Vuletin, Guillermo - 2011

possible to reconcile the main theoretical implications of models of optimal taxation and seigniorage with the empirical …

Persistent link: https://www.econbiz.de/10013122486

Proposals for monetary reform : a critical assessment using the general quantity equation by Wolfgang Stützel

Tarne, Ruben - 2018

Europe is still suffering from the turmoil created by the Great Financial Crisis. Finding solutions to the danger of new financial crises is an important criterion for a stable European Union. Proponents of the Sovereign Money System (SMS) identify the ability of private banks to create money as...

Persistent link: https://www.econbiz.de/10011808854

A Monetary Base Analysis and Control Model

Gursel, Haluk Ferden - 2019

This report is one of the first studies discussing monetary base analysis and control model, a concept even today is alive and more developed by, for example, by IMF to use its analysis. The study presents monetary base approach to control of money flows and the links between monetary base,...

Persistent link: https://www.econbiz.de/10012892419

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