Title:

An Incentive-Compatible Suggestion for Seigniorage Sharing with Dollarizing Countries, Policy Discussion Paper No. 4

PREVIOUS | NEXT

An Incentive-Compatible Suggestion for Seigniorage Sharing with Dollarizing Countries, Policy Discussion Paper No. 4

DATE: June 2002

PART OF: AUTHOR:

ABSTRACT: 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.

Download (pdf) View Full Text

Share this page:


Diversity is critical to the Federal Reserve, and we are firmly committed to fostering a diverse and inclusive culture throughout the Federal Reserve System. Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups. These viewpoints and attitudes are inconsistent with our values, but the original descriptions are retained to ensure that they are not erased from the historical record.
Save & Share
less

Humpage, Owen F. "An Incentive-Compatible Suggestion for Seigniorage Sharing with Dollarizing Countries, Policy Discussion Paper No. 4," Policy Discussion Papers (Federal Reserve Bank of Cleveland) (June 2002). https://fraser.stlouisfed.org/title/4514/item/495637, accessed on May 29, 2023.

More Information
less

DIGITAL COPY SOURCE: Federal Reserve Bank of Cleveland

SUBJECTS: THEMES:
Metadata (XML)
Metadata (JSON)