01656cas a2200241 a 4500 AALejournalIMF010156 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451928303 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Seigniorage in the EC : The Implications of the EMS and Financial Market Integration. Washington, D.C. : International Monetary Fund, 1989. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper measures the effects of the integration of European financial markets and lower inflation in the EMS on the revenue from seigniorage for the EC member countries with particular focus on the high inflation countries. Assuming that by 1992 all EC members participate fully in the EMS and reserve requirements are unified, the revenue from seigniorage will be reduced by about 2 percentage points of GDP in Greece and Portugal and 0.5-0.8 percentage points in Italy and Spain. Two different measures of seigniorage yield similar results regarding the change, but differ regarding the level. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1989/007 Full text available on IMF http://elibrary.imf.org/view/journals/001/1989/007/001.1989.issue-007-en.xml IMF e-Library