Buiter, Willem H. (contributor) - 2007
command over real resources through its ability to issue fiat money. They are (1) seigniorage (the change in the monetary base …
discussion Papers
Discussion Paper 2007-8
March 1, 2007
Seigniorage**
Willem H. Buiter
Professor of European … ability to issue fiat money. They
are (1) seigniorage (the change in the monetary base), (2) Central Bank revenue (the …