Search results for "Seigniorage"

showing 3 items of 3 documents

Accounting Meets Economics: Towards an 'Accounting View' of Money

2018

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…

business.industrymedia_common.quotation_subjectAccountingCommercial bankSeigniorageA shareState (polity)PhenomenonCapital (economics)Digital currencyDebtEconomicsbusinessmedia_commonSSRN Electronic Journal
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Accounting meets economics: towards an ‘accounting view’ of money.

2018

Questo studio pone le fondamenta dell’ “Approccio Contabile” (“Accounting View”) alla moneta. Sulla base dei principi di Ragioneria Generale riconosciuti internazionalmente, lo studio argomenta che le monete emesse dallo stato e dalla banca centrale non costituiscono debito e che nei regimi di riserva frazionaria soltanto una quota della moneta emessa dalle banche commerciali pu essere considerata quale debito. Lo studio chiarisce come il signoraggio associato all’emissione di queste monete debba essere contabilizzato nei bilanci delle istituzioni emittenti ed esamina le implicazioni di ci`o per la corretta comprensione della moneta. Il nuovo approccio fa luce su argomenti quali la vera nat…

Central bank money and capital commercial banks deposits debt equity seigniorageMoneta e capitale delle banche centrali banche commerciali depositi debito patrimonio netto signoraggio
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Money for the Issuer: Liability or Equity?

2021

Abstract This study analyzes the nature of money through the lens of the international principles of accounting and lays the foundations of what it calls the accounting view of money (AVM). Using international accounting principles, the AVM argues that the fiat monies issued by the state (typically, cash, banknotes, and central bank money) are not debt and that in fractional reserve regimes, only a share of commercial bank money can be regarded as debt. The AVM argues, instead, that state monies and the nondebt share of commercial bank money are net wealth of their holders and net worth (equity) of their issuers and determines how the seigniorage associated with money issuance should be acc…

central bank money and capitalmedia_common.quotation_subjectLiabilityEquity (finance)accountingSocial SciencesMonetary economicsaccounting central bank money and capital commercial banks deposits debt equity payment settlements seigniorageseigniorageSeignioragecommercial banksequityHdepositsEconomics as a scienceSettore SECS-P/07 - Economia AziendaleIssuerDebtpayment settlementsEconomicsSettore SECS-P/01 - Economia PoliticadebtGeneral Economics Econometrics and FinanceHB71-74media_commonEconomics : the Open-Access, Open-Assessment e-Journal
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