An incentive-compatible suggestion for seigniorage sharing with dollarizing countries

Sixteen countries now treat the U.S. dollar as legal tender. Although dollarizing can help emerging-market countries gain monetary credibility and avoid currency crises, many do not want to give up the seigniorage revenues associated with issuing their own fiat currency. This article offers a proposal for seigniorage sharing.

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Year of publication:	2002
Authors:	Humpage, Owen F.
Published in:	Policy Discussion Papers. - Federal Reserve Bank of Cleveland. - 2002, Jun, 4
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Demand for money \| Dollar \| American

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005389958