seigniorage

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seign·ior·age

 (sān′yər-ĭj)
n.
Revenue or a profit taken from the minting of coins, usually the difference between the value of the bullion used and the face value of the coin.

[Middle English seigneurage, from Old French, from seignor, seignior; see seignior.]

seigniorage

or

seignorage

n
1. something claimed by a sovereign or superior as a prerogative, right, or due
2. a fee payable to a government for coining bullion
3. the difference in value between the cost of bullion and the face value of the coin made from it

sei•gnior•age

or sei•gnor•age

(ˈsin yər ɪdʒ, ˈseɪn-)

n.
1. something claimed by a sovereign or superior as a prerogative.
2. a charge on bullion brought to the mint to be coined.
[1400–50; late Middle English seigneurage < Middle French seignorage, seigneurage; see seigneur, -age]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.seigniorage - charged by a government for coining bullion
fee - a fixed charge for a privilege or for professional services
Translations
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References in periodicals archive ?
A private profit maximising organization that had a monopoly over the provision of primary money would be a seignorage maximizer, aiming to generate a rate of inflation which would drive the nominal interest rate to a level at which the elasticity of demand for real balances was equal to -1.
Tenders are invited for supply of various sizes of metal:Grade II HBT Metal (60-63mm of 50% and 46% of 40-45mm & 4% of 19-22mm) and stacking to departmental gauge excluding VAT & Seignorage charges
The country was opened to capital flows in the late 1980s prior to establishing adequate regulatory safeguards, in part because it needed the foreign capital to finance rising fiscal deficits in the face of diminishing seignorage from the inflation tax.
Bailey used the average welfare-cost-per-dollar of revenue to measure the social costs of seignorage. Later, it was suggested that the marginal welfare-costs-per-dollar be set equal to the average of the distortions due to other taxes.
There would also be gains from international seignorage and the reduced need for foreign exchange reserves in the EC.
Tenders are invited for supply of various sizes of metal :Grade II HBT Metal (60-63mm of 50% and 46% of 40-45mm & 4% of 19-22mm) and stacking to departmental gauge excluding VAT & Seignorage charges
In the second half of the paper, we turn to recasting the argument in a version of the model with fixed real government deficits financed by seignorage revenue.
Tenders are invited for supply of various sizes of metals : Grade II HBT Metal (60-63mm of 50% and 46% of 40-45mm & 4% of 19-22mm) and stacking to departmental gauge excluding VAT & Seignorage charges
Nonetheless, the switch out of money remained less marked than in most other high-inflation countries -- so that the seignorage revenues of the central bank did not suffer major erosion (see Annex III).
On the other hand, if the reserve ratio is zero, deposits produce neither seignorage nor a welfare loss; we are, in effect, in a currency-only world because the monetary authority receives no revenue from deposits.
Other studies concentrate on the interaction of the government and the central bank in financing fiscal deficits where the deficit must be financed through bonds, seignorage or both.(41) Under the assumption that there is some limit on the ability of a government to continually issue bonds to finance its deficit, the need for inflation revenues becomes important.(42) Sargent and Wallace (1981) conducted the seminal research on this question and showed that if the government embarks on a path of unsustainable deficits, the central bank might eventually be forced to inflate to fund the deficits.
Tenders are invited for supply of various size metals :Grade II HBT Metal (60-63mm of 50% and 46% of 40-45mm & 4% of 19-22mm) and stacking to departmental gauge excluding VAT & Seignorage charges