seigniorage and central bank ... evidence
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Private cryptocurrency versus central bank digital money: Evolutionary game theory modeling of the distribution of Seigniorage Shares
When the monopoly of money creation is removed and private money can be exchanged between people, the issue of Seigniorage share will arise, which is currently conceivable with the advent of cryptocurrencies. The question of the present study is that if we are in a situation where private cryptocurrencies along with money are common in the society with the state publisher, what share of the Sei...
full textCentral Bank Independence and Central Bank Conservatism: Theory with an Application to Iran
New monetary literatures widely concentrates on the importance of institutional arrangements in the effectiveness of monetary policy. The debate regarding the optimal institutional design of central banks, independence and conservatism are usually considered to be the most important ingredients for a stable and successful monetary policy. Therefore, the purpose of this study is to deal with the...
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The paper concentrates on the conditions, contingencies and determinants of central bank transparency and communication. From the state of the economy and the quality of national institutions, to the structure of monetary policy committees, the personality of the governor and the nature of the monetary policy framework - with a particular focus on the case of inflation targeting, there i...
full textThreshold Effects in the Monetary Policy Reaction Function: Evidence from Central Bank of Iran
Determining how monetary policy makers react to changes in key economic variables has been of major interest to monetary economists. Estimates of monetary policy rules (reaction functions) are a widely used method for doing this. Behavior differs under different policy regimes, as in rule-based systems or chronic inflation. In practice, estimates of instrument rules have been used to descri...
full textLearning and the Central Bank
Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views stated herein are those of the authors and are not necessarily those of the Federal Reserve Bank...
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Journal title:
the international journal of humanitiesPublisher: tarbiat modarres university
ISSN 1735-5060
volume 8
issue No. 3 2001
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