On The Welfare Benefits Of An International Currency

depending on relative inflation rates. Of this gain, the benefits accruing to seignorage are on the order of 0.5% to 0.7%. The rest of the world is not indifferent as to which currency circulates as the dominant international currency. Conditional on their currency not being used internationally, their preference is for the dominant international currency to be the one with the lowest inflation rate.

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Year of publication:	2007
Authors:	Kannan, Prakash
Institutions:	Society for Economic Dynamics - SED

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Extent:	application/pdf
Series:	2007 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2007 SED Meeting Papers Number 29
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011082101