Making Money from Making Money

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Making Money from Making Money

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dc.contributor.author Macfarlane, Laurie
dc.contributor.author Ryan-Collins, Josh
dc.contributor.author Bjerg, Ole
dc.contributor.author Nielsen, Rasmus
dc.contributor.author McCann, Duncan
dc.date.accessioned 2017-03-23T14:37:57Z
dc.date.available 2017-03-23T14:37:57Z
dc.date.issued 2017-03-23
dc.identifier.uri http://hdl.handle.net/10398/9470
dc.description.abstract Who has control over the supply of new money and what benefits does it bring? There is now widespread acceptance that in modern economies, commercial banks, rather than the central bank or state, create the majority of the money supply. This report examines ‘seigniorage’ – the profits that are generated through the creation of money. We show that in the UK, commercial bank seigniorage profits amount to a hidden annual subsidy of £23 billion, representing 73% of banks’ profits after provisions and taxes. en_US
dc.format.extent 43 en_US
dc.language eng en_US
dc.publisher New Economics Foundation en_US
dc.title Making Money from Making Money en_US
dc.type rp en_US
dc.accessionstatus modt17mar23 soma en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for Ledelse, Politik og Filosofi en_US
dc.contributor.departmentshort LPF en_US
dc.contributor.departmentuk Department of Management, Politics and Philosophy en_US
dc.contributor.departmentukshort MPP en_US
dc.publisher.city London en_US
dc.publisher.year 2017 en_US
dc.title.subtitle Seigniorage in the Modern Economy en_US


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