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английский) 3:
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the term "bankruptcy describes the situation when the government of aenglish can not meet its payment obligations, in other words, they run out ofbut this can only happen if the government neither can raise money by taxes by issuing new government bonds Issuing government bonds becomesincreasingly difficult if potential buyers loose faith in the ability of the governmentto pay back their debt in this case only the central bank can help out by makinguse of their monopoly to create money out of thin air in return for receivinggovernment bonds. this process of turning government bonds into new money is also called monetisation "" of government bonds
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