Central banks acquires command over real resources through their ability to issue fiat money - i.e. seigniorage.
Dr. (elect.) Julia Korosteleva
Maximising Seigniorage and Inflation Tax: The Case of Belarus
EASTERN EUROPEAN ECONOMICS, 2007, VOL 45; NUMB 3, pages 33-50
http://www.gla.ac.uk/media/media_22175_en.pdf
Willem H. Buiter
Seigniorage
NBER Working Paper No. 12919 Issued in February 2007
http://www.google.com/url?sa=t&source=web&ct=res&cd=20&ved=0CC8QFjAJOAo&url=http%3A%2F%2Fwww.economics-ejournal.org%2Feconomics%2Fjournalarticles%2F2007-10%2Fversion_1%2Fcount&ei=EN_4StmhC4KSsAaB3_2LCg&usg=AFQjCNHfXR_5MyflwOb3lf2pNFX_STCI2w&sig2=9YrgfGO0s2qaornss8-G-w
Carlos E. Zarazaga, 1995.
"Hyperinflations and moral hazard in the appropriation of seigniorage: an empirical implementation with a calibration approach,"
Working Papers 95-17, Federal Reserve Bank of Dallas.
http://dallasfed.org/research/papers/1998p/wp9517.pdf
BHATTACHARYA D
SHARING SEIGNIORAGE SAVINGS FROM SPECIAL DRAWING RIGHTS
1976 RIVISTA INTERNAZIONALE DI SCIENZE ECONOMICHE E COMMERCIALI 23(10-1):940-953
KIRSCHEN ES
AMERICAN EXTERNAL SEIGNIORAGE - ORIGIN, COST TO EUROPE, AND POSSIBLE DEFENCES
1974 EUROPEAN ECONOMIC REVIEW 5(4):355-378
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