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Focusing on the revenues generated from currency creation, the book presents a comprehensive theory of seigniorage through an institutional lens. It categorizes economic history into three monetary regimes: commodity, fiat, and credit currencies. This analytical framework allows for an in-depth exploration of how different methods of currency issuance—such as minting coins, printing notes, and crediting private entities—impact revenue generation and their optimal levels.
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Seigniorage, Jens Reich
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- Pubblicato
- 2017
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