Seigniorage: Impact and Challenges in the Modern Economy






This training will enable participants to delve into the significance of seigniorage in economic theory and practice and its implications for policy-making, thereby equipping them with a comprehensive understanding of this crucial economic tool.

Course Content 

  •  Modern Seigniorage
  • Economic Implication
  • Monetary Policy and Seigniorage
  •  Monitoring and Controlling
  •  Calculating Seigniorage and Accounting Treatment
  •  Macroeconomic treatment
  • Country Analysis
  •  Challenges and Criticisms
  • Policy Implications and Critical Thinking

Learning Objectives 

  • Understand the basic concept of seigniorage and its role in the economy.
  • Explain the difference between the face value of money and its production cost.
  • Explore the historical origins of seigniorage and its role in early monetary systems.
  • Analyse the practices of debasement and their economic consequences in medieval and early modern economies.
  • Describe how modern governments and central banks use seigniorage.
  • Differentiate between direct seigniorage (currency issuance) and indirect seigniorage (inflation tax).
  • Evaluate the role of seigniorage as a source of government revenue.
  • Understand how monetary policy aims to balance seigniorage benefits with inflation risks.
  • Formulate and defend arguments regarding the appropriate use of seigniorage in modern economies.

Event Details

Start date: 1 July 2024

End date: 5 July 2024

Start time: 09:00 a.m. BST

End time: 04:00 p.m. BST

Venue: London

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