0000000000772420
AUTHOR
B. Bossone
Accounting Meets Economics: Towards an 'Accounting View' of Money
This study lays the foundations of the 'Accounting View' of money. Using international accounting principles, the study argues that state and central bank monies are not debt, and that in fractional reserve regimes only a share of commercial bank money can be regarded as debt. The study determines how the seigniorage associated with the issuance of these monies should be accounted for in the financial statements of the issuing institutions, and examines what this implies for the correct understanding of money. The new view throws light into such issues as the true nature of central bank capital, commercial banks, and digital currencies. Drawing on it, new measurements of seigniorage are der…
Monete fiscali e possibili applicazioni regionali: il caso Sicilia
The chapter, within a book devoted to the fiscal money, treats of regional fiscal money. In doing this, it focuses two main topics. The former is the exploitation of a regional fiscal money, answering to the question if it is technically possible and economically convenient to issue fiscal money at a lower level than the state one. The latter concerns an Italian region in particular: Sicily, considered under many points of view as an OCA (Optimum Currency Area). The chapter explores, as well, the positive effects of introducing regional fiscal monies in underdevelopped regions and the value of them as a positive experiment, like in a laboratory, before extending them on a national basis.