Return On Cash Issuance Under The Flexible Exchange Rate Regime In Iraq For The Period (1990-2003)

Abstract

   This study deals with the relationship between the flexible exchange rate system and the return on the monetary issue, in other words, it tries to clarify the extent of the impact of adopting the flexible exchange rate system on the monetary return that the government can get. Therefore, this study came divided into three sections, the first topic dealt with the concept of the flexible exchange rate, while the second topic dealt with the concept of the return on the cash issue and methods of measuring it, and the third section reviews the size of the return on the cash issue achieved by the government if it follows the flexible exchange rate system.

Keywords: yield on the cash issue, flexible exchange rate system, inflation tax, opportunity cost.