Public debt is dangerous when the central bank issues currency there is a budget surplus the interest rate is low it is denominated in a foreign currency
Public debt is dangerous when the central bank issues currency there is a budget surplus the interest rate is low it is denominated in a foreign currency
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter31: The Impacts Of Government Borrowing
Section: Chapter Questions
Problem 19CTQ: Explain how a shift from a government budget deficit to a budget surplus might affect the exchange...
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