Government Debt, Crypto Regulation, Tokenization, and Digital Resilience
Free GARP FRM Part II lesson in Current Issues in Financial Markets. 24 min read, ~3,579 words.
BIS Annual 2023: monetary policy controls inflation, fiscal policy controls aggregate demand. The region of stability is the joint monetary-fiscal configuration delivering both low inflation and sustainable debt. Breaching it produces inflation, debt distress, or both. High public debt risks: higher sovereign spreads, constrained monetary policy, crowding out, and currency...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
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