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Finance and Credit

1(529) - 2013 January

Seignorage as factor of revenue and profit central bank: theoretical economic aspect

Vol. 19, Iss. 1, JANUARY 2013

Available online: 20 January 2013

Subject Heading: Banking

JEL Classification:

Smirnova O.V. PhD in Economics, Associate Professor of department "Economy and Finance", Tver branch of the Russian Academy of National Economy and Public Service under the President of the Russian Federation
smirnova-ranhigs@yandex.ru

In the article the concept "seigniorage " is presented. The mechanism of the effect of inflation on the value of the central bank seigniorage is opened. The theoretical model of formation of the income developed by the author and the profits of the central bank depending on rates of inflation is presented.

Keywords: seigniorage, revenue, profits, the central bank

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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Vol. 30, Iss. 3

March 2024