From Transition to Monetary Integration: Revenues from Seignorage in Poland
31 Pages Posted: 20 Jul 2009
Date Written: July 17, 2009
Abstract
The analysis presented in the paper focuses on seigniorage revenues in the period of transition to market economy and fiscal consequences of European monetary integration. A comprehensive framework for a measurement of seigniorage revenues in transition period is presented and estimates of its sources and uses in the period 1990-2000 are computed and analyzed. The analysis reveals that in Poland at the end of the last decade revenues from the money creation have not been extensively used as a tool for financing government expenditures. Furthermore, it is shown that, in contrary to the transition period, an accession to European Monetary Union will be accompanied by significant fiscal gains resulting from redistribution of seigniorage wealth between member countries.
Keywords: seigniorage, central banks, economies in transition, National Bank of Poland, NBP, European integration, EMU
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Why Has the Euro Been Falling?
By Hans-werner Sinn and Frank Westermann
-
Eurowinners and Eurolosers: The Distribution of Seignorage Wealth in Emu
By Hans-werner Sinn and Holger Feist
-
Eurowinners and Eurolosers: The Distribution of Seigniorage Wealth in Emu
By Hans-werner Sinn and Holger Feist
-
Seignorage Wealth in the Eurosystem: Eurowinners and Eurolosers Revisited
By Hans-werner Sinn and Holger Feist
-
Central Bank Seigniorage: Czech Republic 1993-1997
By Jacek Cukrowski and Emil Stavrev
-
The Enlargement of the European Union and the Redistribution Of Seigniorage Wealth
By Holger Feist