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might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession …
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The rules laid down in Article 32 of the Protocol No. 18 on the Statute of the European System of Central Banks and of the European Central Bank of the Maastricht Treaty will significantly redistribute European seignorage income and hence the implicit entitlement to the 352 billion stock of...
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purposes, had major side-effects on fiscal policy. One concerns the programme´s uncommon seigniorage effects. We find that the … PSPP not only led to partly negative seigniorage gains, but also produced super-seigniorage gains resulting from negative …
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Die Satzung des Europäischen Systems der Zentralbanken sieht eine Umverteilung von Geldschöpfungsgewinnen (Seigniorage … theoretischen Grundlagen des Seigniorage, die mannigfaltigen Tätigkeiten der EWU-Zentralbanken und deren Auswirkungen auf die …
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