{"product_id":"seigniorage-on-the-revenue-from-the-creation-of-money-hardcover","title":"Seigniorage: On the Revenue from the Creation of Money - Hardcover","description":"\u003cp\u003eby \u003cb\u003eJens Reich\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eDevelops a general theory of seigniorage\u003c\/p\u003e \u003cp\u003eAnalyzes the revenues from the creation of currency by a central government\u003c\/p\u003e \u003cp\u003eIllustrates the creation of currency, whether it is issued by means of minting coins, by printing and spending paper notes, or by crediting private entities\u003c\/p\u003e \u003cp\u003eCovers the history of economic thought on seigniorage\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book analyzes the revenues from the creation of currency by a central government. Adopting an institutional perspective, it develops a general theory of seigniorage by identifying three monetary regimes in economic history and the history of economic thought: a commodity currency, a fiat currency and a credit currency regime. As such it provides a modern analytical framework to analyze the nature of revenues from the creation of currency and their optimal height, whether currency is issued by means of minting coins, by printing and spending paper notes, by crediting private entities, or combinations thereof. \u003c\/p\u003e \u003cp\u003eThe results of this analysis stretch beyond the immediate topic. The book establishes a relationship between the theory of seigniorage and government debt, the theory of the interest rate, the optimal rate of inflation, or the effectiveness and inflationary limits of outright monetary transactions.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eJens Reich\u003c\/b\u003e studied economics and social sciences at Frankfurt University and at the New School for Social Research in New York. He received his PhD from Frankfurt University and has thaught at several Universities. He was, among others, Visiting Assistant Professor at Université Lumiere Lyon 2 (Minerve Program) and holds a lectureship at Frankfurt University. He published in several Journals and edited volumes, among others with Claudia M. Buch, Vice-President of the Deutsche Bundesbank. In 2014, he left the division for Financial Market and Financial Economics at the German Federal Financial Supervisory Authority (BaFin) and joined the German Central Bank (Bundesbank) where he is currently Senior Economist in the Division for General Policy on Macroprudential Policy Issues in the Department for Financial Stability.\u003c\/p\u003e \u003cp\u003eHe is founder and organizer of the sole PhD and Post-Doc colloquium for the history of economic thought in the German speaking area, which from 2017 onward is officially part of the Verein für Socialpolitik. His research focusses on monetary theory. \u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 148\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.44 x 9.21 x 6.14 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e September 18, 2017\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51794300469536,"sku":"9783319631233","price":178.18,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/ef2d9627062638ea1b69f94e4d5d3bce.webp?v=1780728599","url":"https:\/\/ebocreations.com\/products\/seigniorage-on-the-revenue-from-the-creation-of-money-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}