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 the bank's holding of ''base money'', and consequently of the country's [[money supply]].
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]].

Revision as of 16:14, 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 an expansion of the bank's monetary base, and consequently of the country's money supply.