seigniorage

1 It has also deprived China of the easy “seigniorage” profits that come from buying foreign goods and assets in return for non-interest-bearing pieces of paper adorned with portraits of Chairman Mao.

2 The ECB's gains from seigniorage are becoming increasingly important this year.

今年,欧洲央行从铸币税中获得的利益正变得越来越重要.

3 Loyalty points are exposed to the modern form of seigniorage, as well as regular inflation.

4 Under such background, we can say while covering the deficit we can not only use the national debt but also the seigniorage and foreign exchange reserve.

在这样的背景下，本文提出在弥补赤字时不仅可以使用国债，而且还可以使用铸币税和外汇储备来作为弥补赤字的工具。

5 Apart from the Seigniorage benefit, the international currency also could bring many other indirect benefits.

除了国际铸币税收益，人民币成为国际货币还可以带来其他许多间接收益。

6 Sometimes a slight charge for the expense of coinage is made and called seigniorage.

7 Facing the threat of inflation, we should slow down the speed of money supply appropriately, reducing the seigniorage.

在面临通货膨胀威胁时，必须适当放慢货币供应速度，减少铸币收入。

8 First, the rapid growth of seigniorage.

其一, 铸币税急剧增长.

9 The problem of seigniorage presents itself in its most extreme form when money is made of paper.

10 Under the modern economic system, seigniorage refers to the profit gained from the Central Bank's money issuing.

现代经济制度下，铸币税是指中央银行的货币发行所获得的利润。

11 However, all coins that contain an element of seigniorage, or monopoly value, are to that degree "political money."

12 It contains “seigniorage”, the profit by which the banknote is worth more than the paper and the ink.

13 In this case no bullion is brought to the mint unless the coined pieces the owners receive have a value equal to the bullion value plus the seigniorage charge.

14 Indeed, there is likely a Laffer curve for seigniorage.

15 Guaranteed future profits from money-printing—known as seigniorage—mean they can usually dig themselves out of a capital hole: bank notes cost little to produce but can be used to buy interest-bearing securities.

16 However this may have been, governmental paper money may be looked upon as money for which a seigniorage of one hundred per cent is charged.

17 At the same time, the existence of seigniorage provides an institutional mechanism of elastic monetary supply for the society.

同时，铸币税又是一种弹性货币供给的制度形式。

18 While the state alone coins, there can be no limit to this charge of seigniorage; for, by limiting the quantity of the coin, it can be raised to any conceivable value.

19 For example the US $ 100 bill costs about 12 cents to manufacture. Consequently seigniorage is $ 99.88.

例如,100美元钞票的印制成本仅为12美分, 结果铸币税是99.88美元.

20 Positive Money campaigns for the establishment of electronic seigniorage, which would establish a nice little earner for the state.

1 特许权使用费

royalty

2 君权

crown throne reign sovereignty prerogative seigniory

3 君主特权

prerogative

4 领主权

seigniory seigneury

5 铸币税

royalty