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LATIN AMERICAN EXPERIENCES
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accrued interest addition Argentina asset portfolio Bangladesh bank deposits Bank's banking system BROU capitalization of banks CBCH Central Bank debt crisis debt financing demand devaluations directed credit dollars domestic currency economy exchange rate guarantee exchange rate insurance financial institutions financial system fiscal adjustment fiscal deficit fiscal surplus foreign currency deposits fraction government paper granted high powered money hyperinflation increase India inflation rate inflation tax interest earning debt interest earning liabilities internal debt investments issuing more debt Latin American liquid macroeconomic market interest rate monetary base money creation money supply national banks nominal interest rate non-interest earning non-performing assets Pakistan primary deficit primary surplus printing money private sector public banks public debt public sector purchase quasi-fiscal deficit quasi-fiscal expenditures quasi-fiscal losses quasi-fiscal problem real interest rate rediscounts refinancing result roll roll-over short run significant source of quasi-fiscal Sri Lanka stock of debt subsidized credit Treasury debt Uruguay