Abstract
Seigniorage denominates the capacity of (state) authorities to finance expenditures by money printing. The level of seigniorage influences the level of inflation. The paper calculates the seigniorage level for Romania during 1991-1994 and compares it with that of other countries (Austria, Germany and Hungary).
The motivation for this paper was the fact that although some Eastern-European Countries would like to become EU members, it was not known to what extent the practice of the National Banks is according to the Maastricht-Treaty demands.
The motivation for this paper was the fact that although some Eastern-European Countries would like to become EU members, it was not known to what extent the practice of the National Banks is according to the Maastricht-Treaty demands.
| Original language | English |
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| Awarding Institution |
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| Publication status | Published - 1 Jul 1996 |
Austrian Classification of Fields of Science and Technology (ÖFOS)
- 502046 Economic policy