| Sinn, Hans-Werner; Feist, Holger (1997): Eurowinners and Eurolosers: The distribution of seigniorage wealth in EMU. In: European Journal of Political Economy, Vol. 13, No. 4: pp. 665-689 |
Full text not available from 'Open Access LMU'.
External fulltext: http://www.sciencedirect.com/science/article/B6V97-3SWSJ62-1/2/caa9483fbcd099ec3a80b5f09b319fb8
Abstract
The European Monetary Union (EMU) will involve socialization of the existing seigniorage wealth of the national central banks. This socialization will create windfall gains for countries with relatively low monetary bases such as France and the UK and it will be disadvantageous for countries like Germany, Austria, Spain or the Netherlands which will suffer per capita wealth losses of between 406 and 182 ecus. The paper quantifies the gains and losses in seigniorage wealth under alternative membership and bank regulation scenarios.
| Item Type: | Journal article |
|---|---|
| Faculties: | Economics Economics > Chairs > Chair for Public Economics |
| Subjects: | 300 Social sciences > 330 Economics |
| Language: | English |
| ID Code: | 19567 |
| Deposited On: | 15. Apr 2014 08:52 |
| Last Modified: | 29. Apr 2016 09:16 |
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