文章基本信息

标题：Seigniorage and Public Deficit: A Test of Comparison between Turkey and Tunisia
本地全文：下载
作者：Burak Gürbüz ; Zehra Ye?im Gürbüz ; Héla Miniaoui 等
期刊名称：International Journal of Business and Management
印刷版ISSN：1833-3850
电子版ISSN：1833-8119
出版年度：2009
卷号：4
期号：9
页码：55
DOI：10.5539/ijbm.v4n9P55
出版社：Canadian Center of Science and Education
摘要：Usually regarded as a financial advantage enjoyed by the issuers of the currency, seigniorage is the difference between the nominal value of the currency sign and the cost of its production and distribution. Historically, it took the form of the deterioration of the intrinsic value of coinage from its official value. Sometimes exceptional, revenues from this operation allow the government to finance its spending without raising new taxes. In modern economies, in the absence of deep financial markets, the state has recourse to money creation to finance its deficit. In this regard, the article proposes to evaluate the experience of two countries that have negotiated differently the process of financial liberalization: Turkey and Tunisia.