on interest rates. Less known is that such a tax was the predominant method used to generate seigniorage in large parts … could occur as often as twice a year. Using a cash-in-advance model, prices increase over time during an issue period and … sufficiently low, if the time period between re-coinages is sufficiently long, and if the probability of being penalized for using …

on interest rates. Less known is that such a tax was the predominant method used to generate seigniorage in large parts …

fees. A theoretical framework of how periodic re-coinage works in practice is tested on Swedish coinage. The theory … Swedish experience is extraordinarily consistent with this theory. It is shown that Sweden adopted coin types similar to those …

theory about short-lived coins, which has not been done before. It turns out that re-coinage works particularly well in …

, if ever, discussed in the literature of economics or economic history. No economic theory has ever been proposed to …

calculate the maximum level of seigniorage revenue that could be raised in the economy. Actual seigniorage levels increased …

over time, was a common feature in the monetary history of Europe, c. 1400–1900. Over the centuries the loss rate was … umfassenden Verständnis noch geschlossenen Modellen, geschweige denn einer robusten ,Theorie' dieser Entwicklung sprechen … einer Umbewertung und Re-Kontextualisierung deutscher Währungsgeschichte der vor- und frühindustriellen Zeit. …

over time, was a common feature in the monetary history of Europe, c. 1400–1900. Over the centuries the loss rate was …