货币铸造税(seigniorage) 名词解释
In the early 1980s,Brazil's government,through an average inflation rate of 147 percent per year,got only 1.0 percent of output as seigniorage,while Sierra Leone's government got 2.4 percent through an inflation rate less than a third as high.Can you think of differences in financial structure that might partially explain this contrast? (Hint:In Sierra Leone the ratio of currency to nominal output averaged 7.7 percent;in Brazil it averaged only 1.4 percent.)
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