单词 | seigniorage |
例句 | Last year, it cost the mint 1.5 cents to produce a penny, creating what in the coin world is known as negative seigniorage. The penny may be worthless, but let’s keep it anyway 2017-09-02T04:00:00Z Led by Philip Diehl, then the Mint’s director, the program was widely considered a success: It raised billions in seigniorage, or excess revenues, for the Mint, Mr. Diehl said. Coin Shortage? It May Be Time to Use Your State Quarters 2020-07-30T04:00:00Z As for citizens in the United States and Europe, when other countries adopt the dollar or the euro, we profit from seigniorage—or the government does, anyway. Class decides everything 2012-06-24T16:00:00Z The U.S. collects enormous seigniorage revenue that accrues to the economy when the Federal Reserve prints dollars that are exported abroad in exchange for foreign goods and services. Preparing for a World Without Cash 2016-08-04T04:00:00Z As the result, 95% of the economy is conducted in U.S. dollars, leaving the central bank unable to collect seigniorage revenues or conceive and implement independent, credible monetary policy. How to Reform the Democratic Republic of Congo 2016-01-22T05:00:00Z The government would in effect owe the money to itself; debt payments made to the BoJ would be returned to the government as seigniorage. The Japanese solution 2015-11-05T05:00:00Z It is hard to see what benefit Greece’s Euro membership confers, apart from redistribution of seigniorage receipts. The Road To Grexit 2015-07-03T04:00:00Z It contains “seigniorage”, the profit by which the banknote is worth more than the paper and the ink. This Isn't The Death Of The Zimbabwe Dollar, This Is The Long Overdue Burial Of It 2015-06-13T04:00:00Z Which brings us to the idea of seigniorage. Venezuela, Where Robbing A Bank Doesn't Make Money But Making Change At One Does 2015-05-27T04:00:00Z So, if there is seigniorage here, well, where is it? Memo To George Mombiot; There Is No Seigniorage In Credit Creation 2015-02-18T05:00:00Z The profits they earn in this way, known as seigniorage, are sent to government coffers. Leaving dead presidents in peace 2014-09-18T04:00:00Z The difference between the cost of bills and their face value is also seigniorage, but the profit accrues to the Fed. Today's Economist: Bruce Bartlett: Accounting for a $1 Trillion Platinum Coin 2013-01-15T11:00:23Z This is true for two reasons: one is that its equity must include its future stream of earnings from seigniorage, currently thought to amount to €2-3tn in the case of the ECB. Once again, the European Central Bank fails to act 2012-08-03T10:06:39Z Reverse seigniorage is much more common in coins though. Venezuela, Where Robbing A Bank Doesn't Make Money But Making Change At One Does 2015-05-27T04:00:00Z Positive Money campaigns for the establishment of electronic seigniorage, which would establish a nice little earner for the state. Yes, banking's a mess, but be part of the solution. Move your money! 2012-07-13T19:30:01Z Mr Rogoff thinks that scrapping physical money would reduce seigniorage revenues. Leaving dead presidents in peace 2014-09-18T04:00:00Z As a matter of accounting, the Treasury would book the $1 trillion paid by the Fed as "seigniorage." Today's Economist: Bruce Bartlett: Accounting for a $1 Trillion Platinum Coin 2013-01-15T11:00:23Z This profit, known as seigniorage, is one of the great hidden sources of government revenue. Buttonwood: Making no cents 2012-05-10T15:06:15Z The savings result from the fact that dollar coins generate more seigniorage — the government’s profit from issuing money that costs less to produce than its face value. Editorial Board: In defense of the dollar coin 2012-03-16T22:33:42Z The state retained the seigniorage – the difference between the cost of creating the physical currency and its face value. Yes, banking's a mess, but be part of the solution. Move your money! 2012-07-13T19:30:01Z By this celebrated edict of Calonne's, which also enacted a recoinage, the right of seigniorage was practically finally relinquished for France. The History of Currency, 1252 to 1896 2011-12-24T03:07:52.717Z According to Table 6-2 in the Analytical Perspectives volume of the 2013 budget, the mint breaks even on coinage, providing no net seigniorage to the government. Today's Economist: Bruce Bartlett: Accounting for a $1 Trillion Platinum Coin 2013-01-15T11:00:23Z What do you understand by the terms "legal tender"? "fiat money"? "seigniorage"? "suspension of specie payments"? Government in the United States National, State and Local 2011-11-16T03:00:28.590Z And each year the Fed returns to the Treasury a windfall called a seigniorage payment, which last year exceeded $20 billion. As Plastic Reigns, the Treasury Slows Its Printing Presses 2011-07-06T14:31:12Z After a season or two of declining bank reserves, tight money, and so on, a sudden collapse might be occasioned, and apparently caused, by the announcement of some particular seigniorage adjustment. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z Two years later, 26th January 1819, a committee of the House reported an ill-considered scheme, recommending a change in the ratio in favour of gold, and the imposition of a heavy seigniorage on silver. The History of Currency, 1252 to 1896 2011-12-24T03:07:52.717Z In reality, the Treasury gets a lot of revenue from seigniorage, but it shows up in a different part of the budget. Today's Economist: Bruce Bartlett: Accounting for a $1 Trillion Platinum Coin 2013-01-15T11:00:23Z While the state alone coins, there can be no limit to this charge of seigniorage; for, by limiting the quantity of the coin, it can be raised to any conceivable value. The Value of Money 2011-01-04T03:01:12.363Z First is interest from seigniorage—the profit made on issuing additional currency to nonresidents who hold U.S. notes and coins—estimated at $10 billion a year. 2010-02-02T00:17:00Z Now the immediate effect of a seigniorage would be, as Professor Fisher points out, a readjustment of the par of foreign exchange. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z The old kingly prerogative of altering the coinage was taken away, the unit of the currency was declared definite and unchangeable, and the seigniorage on minting was abolished. The History of Currency, 1252 to 1896 2011-12-24T03:07:52.717Z First, he comes regularly to take his rights of seigniorage, his rents, his taxes, his fourths of all the produce of his vineyards and arable lands on our Côte d'Or. In the Day of Adversity Great measures, such as the Wilson, the McKinley, and the seigniorage bills, are changed many times before they are passed by Congress, and each change means new printed copies. Harper's Round Table, June 18, 1895 Sometimes a slight charge for the expense of coinage is made and called seigniorage. Rural Health and Welfare All commodities of export would fall in price at once, or fail to rise, to the extent of the seigniorage. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z It advocates unity of the monetary system throughout the entire state, with strict integrity in the quality of the coin, and the charge of a seigniorage sufficient to cover the expenses of mintage. Encyclopaedia Britannica, 11th Edition, Volume 7, Slice 3 "Convention" to "Copyright" The scarcity of wheat and flour was an ever-present theme; the oppression of autocracy and seigniorage, another. Orphans of the Storm Even the exportation of small change may become a profitable speculation as soon as the amount of depreciation of paper money exceeds the seigniorage. Principles Of Political Economy The argument has been made that these things will not occur at once, because a long time must elapse before the coinage of anything but the seigniorage can be entered upon. A Compilation of the Messages and Papers of the Presidents Volume 8, part 2: Grover Cleveland Coinage is said to be free if the subject or citizen may take bullion to the mint whenever he pleases, paying the usual seigniorage. Modern Economic Problems Economics Volume II The fiduciary coinage problem presents itself under a some-what different guise in case a seigniorage charge is made on all coinage, even of that metal used as the standard unit. Modern Economic Problems Economics Volume II In this case no bullion is brought to the mint unless the coined pieces the owners receive have a value equal to the bullion value plus the seigniorage charge. Modern Economic Problems Economics Volume II The power to impose a seigniorage charge is a monopoly power. Modern Economic Problems Economics Volume II Assume that this full supply of money at a given moment is 100,000 pieces or dollars; then consider the effect of imposing a seigniorage charge of ten per cent on further coinage. Modern Economic Problems Economics Volume II But coinage is free without being gratuitous when any citizen may bring metal to the mint, whenever he chooses, to be coined subject to the seigniorage charge. Modern Economic Problems Economics Volume II In that case there would be no outlet for the excess of coins until they fell to their bullion value, i.e., till they lost the entire value of the seigniorage, the monopoly element in them. Modern Economic Problems Economics Volume II Melting or exporting them before that point was reached would cause to the owner the loss of whatever element of seigniorage value they contained. Modern Economic Problems Economics Volume II And this holds good of a large seigniorage charge as well as of a small one, even up to the extreme limit of a charge of 100 per cent. Modern Economic Problems Economics Volume II A ruler, either by making a higher seigniorage charge or by coining on his own account, debased the quality or reduced the weight of the money of his realm. Modern Economic Problems Economics Volume II Let us consider now the effect of seigniorage on the value of money. Modern Economic Problems Economics Volume II The problem of seigniorage presents itself in its most extreme form when money is made of paper. Modern Economic Problems Economics Volume II However this may have been, governmental paper money may be looked upon as money for which a seigniorage of one hundred per cent is charged. Modern Economic Problems Economics Volume II The gain of seigniorage from paper money is greater and is just as easily secured as that from coinage of metals. Modern Economic Problems Economics Volume II However, all coins that contain an element of seigniorage, or monopoly value, are to that degree "political money." Modern Economic Problems Economics Volume II As it is, the government makes a seigniorage profit on the fiduciary coinage, as shown in the following table. Modern Economic Problems Economics Volume II The purpose of the issue of political money is usually to gain the profit of seigniorage for the public treasury, and often it has been the desperate expedient of nearly bankrupt governments. Modern Economic Problems Economics Volume II |
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