Title: Analysis on the Revenue of Coinage Tax in the Process of Monetary Financial Deficit
Abstract: Coinage tax refers to the income from the issuance of paper money by the government. It can be regarded as the balance between the cost of issuing paper money and the face value of the money. In inflation, the real purchasing power of money decreased, the government's real income from the coinage tax is less than the nominal income. The coinage tax is connected with monetary financial deficit. China's current positive financial policy is centered on issuing more national debt, and making financial deficit a regular practice. The amount of coinage tax a government can get from monetary financial deficit is depend on three factors: demand for money caused by economic growth, real economic growth rate, and flexibility on inflation and income caused by money demand.
Publication Year: 2002
Publication Date: 2002-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot