Citi’s global chief economist Willem Buiter explains the Seigniorage effect in theoretical terms and how Central Banks act as quasi-fiscal player.
[gview file=”https://snbchf.com/wp-content/uploads/2014/04/Buiter-Central-Bank-as-a-quasi-fiscal-player.pdf”]
If the PDF does not show up, access it here directly.
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers.
George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.
See more for 8d.) Monetary Policy