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External Debt Investment and the Public Sector
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assess assets average base money capacity utilization capital losses central bank changes chapter commercial banks consumption cost creditworthiness cross-currency exchange rate current account deficit current account surplus debt-export ratio debt-output ratio demand deposits demand for base deutsche mark dollar domestic debt equation expenditure external balance external borrowing factors financial sector fiscal deficits fiscal policy foreign debt foreign exchange deposits funds government securities high real interest highly indebted countries income increase inflation rate inflation tax interest payments internal adjustment issue lending rates liabilities macroeconomic targets measure noninterest current account output growth rates percent of gnp percentage points price index private investment private savings private sector public sector investment rate of interest real depreciation real exchange rate real growth rate real interest rates real rate reduced repurchase agreements revenue from monetization savings over investment seigniorage share of gnp shift sight deposits solvency substantial sustainable Table tion Turkey Turkish lira Wijnbergen