As these capital inflows are predominantly equity rather than debt ,central banks therefore often sterilizes the liquidity resulted from these capital inflows. (b) Fiscal dominance Fiscal dominance and lack of fiscal discipline undermines the investor Confidence , and makes it difficult for the government securities market to emerge...
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As these capital inflows are predominantly equity rather than debt ,central banks therefore often sterilizes the liquidity resulted from these capital inflows. (b) Fiscal dominance Fiscal dominance and lack of fiscal discipline undermines the investor Confidence , and makes it difficult for the government securities market to emerge...
displayed next 300 characters

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