Arby, Muhammad Farooq (2006): Seigniorage Earnings of Commercial Banks and State Bank of Pakistan. Published in: Journal of the Institute of Bankers Pakistan , Vol. Vol 73, No. No 2, (April 2006)
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The paper reviews the trend of seigniorage earnings by State Bank of Pakistan and commercial banks. It is found that seigniorage revenue of the SBP has declined overtime which indicates autonomy of the central bank as well as less reliance of the government on SBP’s resources for budget financing. In general, a direct relationship has been observed between seigniorage and inflation in Pakistan. However, at the two extremes of very high or very low inflation an inverse relation is detected.
|Item Type:||MPRA Paper|
|Institution:||State Bank of Pakistan|
|Original Title:||Seigniorage Earnings of Commercial Banks and State Bank of Pakistan|
|Keywords:||seigniorage; Inflation Tax; Pakistan|
|Subjects:||E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E40 - General|
|Depositing User:||Muhammad Farooq Arby|
|Date Deposited:||18. Sep 2007|
|Last Modified:||04. Apr 2013 11:27|
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