Published in:FRB of Cleveland Policy Discussion Paper ; No. 4
Extent:
1 Online-Ressource (11 p)
Language:
English
DOI:
10.2139/ssrn.1025458
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 2002 erstellt
Description:
Sixteen countries now give the U.S. dollar legal-tender status. Although dollarizing can help emerging-market countries gain monetary credibility and avoid currency crisis, many do not want to give up the seigniorage revenues associated with issuing their own fiat currency. This article offers a proposal for seignoirage sharing