The distribution of Seigniorage in The Netherlands

Casper Van Ewijk*, Lambertus J.R. Scholtens

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)


This paper investigates the revenue from money and its distribution between the government and the central bank. An accounting framework is developed taking explicit account of stock and flow aspects of monetary revenue. Application of this framework to data for The Netherlands shows that although the overall revenue from money in the period 1949-1989 was sizeable, the central government did not really benefit from its monetary monopoly.

Original languageEnglish
Pages (from-to)446-469
Number of pages24
JournalDe Economist
Issue number4
Publication statusPublished - 1 Dec 1992


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