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 …No. 2007-10
July 25, 2007
Seigniorage
Willem H. erBuit
Professor of European Political Economy European Institute … money.
They are (1) seigniorage (the change in the monetary base), (2) Central Bank revenue (the interest bill
saved by …