Different Types of Central Bank Insolvency and the Central Role of Seignorage
收藏NBER2015-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21226
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资源简介：
A central bank is insolvent if its plans imply a Ponzi scheme on reserves so the price level becomes infinity. If the central bank enjoys fiscal support, in the form of a dividend rule that pays out net income every period, including when it is negative, it can never become insolvent independently
提供机构：
美国国家经济研究局
创建时间：
2015-06-01
