----------------- HES POSTING ----------------- I don't know if it's what you're looking for, but I just used Stanley Fischer's "Seignoriage and the Case for a National Money" The Journal of Political Economy, Volume 90, Issue 2 (Apr. 1982), 295-313 in a macro class. Students replicated and updated Fischer's work by calculating seignoriage rates (as a percentage of nominal GDP) for a variety of countries using the IMF's International Financial Statistics. While Fischer discusses the conditions under which a country might use foreign money, I mention the empirical work (and it's pretty easy to do) in case you also wanted your students to crunch some numbers. If you are interested, I can send you an Excel workbook I developed for this task. Humberto Barreto ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]