The story
Introduced in 1973 by Stanford economists Edward S. Shaw and Ronald I. McKinnon.
Etymology from Wiktionary, CC BY-SA 4.0.
Today it means: A set of government policies to reduce the real burden of government debt, such as capital controls or interest rate caps. Full definition →
Introduced in 1973 by Stanford economists Edward S. Shaw and Ronald I. McKinnon.
Etymology from Wiktionary, CC BY-SA 4.0.