Monetisation (of public debt)/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> a government's sale of its own securities to the country's central bank in order to obtain funds that are used to redeem its public debt - resulting in ...) |
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Revision as of 12:19, 21 March 2009
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Monetisation (of public debt) [r]: a government's sale of its own securities to the country's central bank in order to obtain funds that are used to redeem its public debt - resulting in the bank's holding of base money, and consequently of the country's money supply.