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on interest rates. Less known is that such a tax was the predominant method used to generate seigniorage in large parts …
Persistent link: https://www.econbiz.de/10011332944
on interest rates. Less known is that such a tax was the predominant method used to generate seigniorage in large parts …
Persistent link: https://www.econbiz.de/10011518666
on interest rates. Less known is that such a tax was the predominant method used to generate seigniorage in large parts …
Persistent link: https://www.econbiz.de/10011646685
A specific monetary tax − called periodic re-coinage − was applied for almost 200 years in large parts of medieval Europe. Old coins were frequently declared invalid and exchanged for new ones based on publicly announced dates and exchange fees. A theoretical framework of how periodic...
Persistent link: https://www.econbiz.de/10012830534
seigniorage tax on bullion minted. They sought to maximize these revenues both by increasing this tax rate and by enticing much … history: Spanish monarchs, having agreed to abjure and forgo seigniorage taxes on coinage, did not engage in any debasements …
Persistent link: https://www.econbiz.de/10005248395
government derived a fee known as seigniorage. The central thesis of this study is that aggressive' coinage debasements were … seigniorage rate. In most, of not all cases, the fiscal motive was to finance warfare, even if indirectly. As this study shows …
Persistent link: https://www.econbiz.de/10008742964
their seigniorage revenues, the tax imposed on bullion brought to their mints, by two means: by increasing the tax rate …
Persistent link: https://www.econbiz.de/10005030904
the princes who earned seigniorage revenues from those mints. To be sure, the general public often suffered the … consequences of this seigniorage tax from the consequent inflation. But another goal of this study is to demonstrate that inflation …
Persistent link: https://www.econbiz.de/10011132479
Currency debasement, defined as a loss of precious metal content (intrinsic value) of the circulating penny currencies over time, was a common feature in the monetary history of Europe, c. 1400–1900. Over the centuries the loss rate was sustained; between 1400 and 1900 A. D. the (south) German...
Persistent link: https://www.econbiz.de/10014521702
A monetary system called periodic re-coinage was used during almost 200 years in large part of medieval Europe. Old coins were frequently declared invalid and had to be exchanged for new ones for an exchange fee. This system – which is equivalent to a Gesell tax – required a limited coin...
Persistent link: https://www.econbiz.de/10012827270