monetization of public deficits

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:monetization of public deficits
German translation:AuAufkauf bzw. Rückkauf von Schuldpapieren durch die Zentralbank
Entered by: Andrea Hauer

10:46 Sep 24, 2019
This question was closed without grading. Reason: Answer found elsewhere

English to German translations [PRO]
Bus/Financial - Investment / Securities / Unabhängigkeit der Zentralbanken
English term or phrase: monetization of public deficits
Es geht darum, dass die Zentralbanken um ihre Unabhängigkeit bangen müssen, da sie zunehmend in die Schusslinie der Politik geraten:

Central banks are not well positioned to withstand these attacks, for three main reasons.
First, their calibration of monetary policy helped to facilitate the imbalances that gave rise to the global financial crisis; second, central banks have failed to deliver on their inflation mandates for years; third, events over the past decade have challenged the notion that the ***monetization of public deficits*** leads to excessive inflation.

Was ist damit gemeint?
Andrea Hauer
Germany
Local time: 07:37


Summary of answers provided
3Monetarisierung der Staatsverschuldung/ Staatsschuld(en)
Regina Eichstaedter


Discussion entries: 3





  

Answers


5 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Monetarisierung der Staatsverschuldung/ Staatsschuld(en)


Explanation:
„Quantitative Easing“ ist ein anderer Begriff für „Monetarisierung der Staatsverschuldung“. Monetarisierung der Staatsschuld bedeutet, dass Schuldtitel der Regierungen von der Zentralbank mit geschöpftem Geld aufgekauft werden.

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Note added at 7 mins (2019-09-24 10:54:01 GMT)
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Die Kritiker ... sehen in dieser Politik den Einstieg in die Geldentwertung.

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Note added at 11 mins (2019-09-24 10:58:28 GMT)
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Das sieht wohl so aus, dass die Europäische Zentralbank Staatsschulden, risikotragende Aktiva der Euro-Banken kauft und deren Anleihen refinanziert.


    https://liberalesinstitut.wordpress.com/2010/05/11/monetarisierung-der-staatsschulden/
Regina Eichstaedter
Local time: 07:37
Native speaker of: Native in GermanGerman
PRO pts in category: 108
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