On The Welfare Benefits Of An International Currency

Prakash Kannan ()

No 29, 2007 Meeting Papers from Society for Economic Dynamics

Abstract: depending on relative inflation rates. Of this gain, the benefits accruing to seignorage are on the order of 0.5% to 0.7%. The rest of the world is not indifferent as to which currency circulates as the dominant international currency. Conditional on their currency not being used internationally, their preference is for the dominant international currency to be the one with the lowest inflation rate.

Date: 2007
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Journal Article: On the welfare benefits of an international currency (2009)
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