The financial fallout from the Covid-19 pandemic – as witnessed throughout earlier crises – has had an vital affect on the cash creation course of and the seigniorage booked into the monetary outcomes of central banks. Seigniorage is revenue stemming from forex issuance, or – extra technically – the online revenue of a central bank that outcomes from its monopoly over cash.
Figuring out the affect of seigniorage on central bank income will not be trivial when utilizing conventional strategies. Because of this, we
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