Liberalisation and Seigniorage Revenue in Kenya, Ghana and Tanzania.
This article examines the implications for seigniorage revenue of exchange rate and asset market liberalisation. It is argued that liberalisation lowers the average and marginal seigniorage capacity of governments by increasing the elasticity of substitution between base money and other financial as...
| Main Authors: | , , |
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| Format: | Journal article |
| Published: |
1996
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