Bossone, Biagio - In: International review of financial analysis 94 (2024), pp. 1-12
resorting to one type of deficit financing (say, debt) versus another (say, money) or by issuing debt in one form versus another … to finance their deficits is independent of whether: i) financing originates from debt or money, ii) debt is denominated … in domestic or foreign currency, and iii) money and debt are issued under floating or fixed exchange rates. The theorem …
