An incentive-compatible suggestion for seigniorage sharing with dollarizing countries

Owen Humpage

Policy Discussion Papers, 2002, issue Jun

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.

Keywords: Dollar, American; Demand for money (search for similar items in EconPapers)
Date: 2002
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