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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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 an expansion of the bank's [[monetary base]], and consequently of the country's [[money supply]]. | |||
Latest revision as of 05:20, 5 February 2010
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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 an expansion of the bank's monetary base, and consequently of the country's money supply.