Discussion Paper
An incentive-compatible suggestion for seigniorage sharing with dollarizing countries
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.
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https://fraser.stlouisfed.org/title/policy-discussion-papers-federal-reserve-bank-cleveland-4514/incentive-compatible-suggestion-seigniorage-sharing-dollarizing-countries-495637
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Provider: Federal Reserve Bank of Cleveland
Part of Series: Policy Discussion Papers
Publication Date: 2002
Issue: Jun
Order Number: 4