Seigniorage

Jens Reich studied economics and social sciences at Frankfurt University and at the New School for Social Research in New York. He received his PhD from Frankfurt University and has thaught at several Universities. He was, among others, Visiting Assistant Professor at Universite Lumiere Lyon 2 (Minerve Program) and holds a lectureship at Frankfurt University. He published in several Journals and edited volumes, among others with Claudia M. Buch, Vice-President of the Deutsche Bundesbank. In 2014, he left the division for Financial Market and Financial Economics at the German Federal Financial Supervisory Authority (BaFin) and joined the German Central Bank (Bundesbank) where he is currently Senior Economist in the Division for General Policy on Macroprudential Policy Issues in the Department for Financial Stability. He is founder and organizer of the sole PhD and Post-Doc colloquium for the history of economic thought in the German speaking area, which from 2017 onward is officially part of the Verein fur Socialpolitik. His research focusses on monetary theory.

Preface.- 1 Seigniorage in Institutional Perspective.- 2 Seigniorage in the History of Economic Thought.- 3 Seigniorage from Fiat Currency: Presents State of Economics.- 4 Seigniorage from Commodity Currency.- 5 Seigniorage from  Credit Currency.- 6 Seigniorage in Mixed Currency Systems.- 7 Extended Seignorage.- 8 General Theory of Seigniorage.

"Reich has performed a valuable service in surveying and categorizing the extensive literature on seigniorage. Anglophone readers, in particular, will benefit from exposure to a wide range of sources that might not otherwise come to their attention." (David Glasner, Journal of the History of Economic Thought, June 2, 2020)