| Fisher provided a new rationale for an old practice of debasing the coinage called seignorage. |
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| In this model, corporate tax is also significant, as are tariffs and seignorage. |
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| We assume that seignorage revenues are simply turned over to the Treasury, where their only effect is to change the size of lump-sum transfers to the households. |
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| For example, developing countries rely little on broad-based taxes, and make substantial use of tariffs and seignorage as nontax sources of revenue. |
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| The main economic cost of early euroisation compared to the currency board is the loss of seignorage revenue calculated at about 2 per cent of GDP in 2000 by Nenovsky et al. |
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