Seigniorage

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Seigniorage

The amount of goods and services that the government obtains by printing new money in a given period. Often we consider this in real terms, by dividing the new money by the price level.

Seigniorage

The money a government generates when it prints more money. This usually is calculated as the difference between the face value of the money and the value of the bullion backing it.
References in periodicals archive ?
These are countries in which the use of foreign currencies is so widespread that seniorage losses are substantial.