Fischer, Andreas M.; Jordan, Thomas J.; Lack, Caesar P. - In: Swiss Journal of Economics and Statistics (SJES) 138 (2002) I, pp. 61-82
independent monetary policy. This paper considers an additional factor in this debate, namely the decrease of seigniorage for … Switzerland joined EMU at that time, about half of the seigniorage stemming from the previous Swiss franc currency circulation … third largest contributor of seigniorage in absolute terms after Germany and Spain. In relative terms, the Swiss per capita …