Fiscal dominance (财政主导)

Fiscal dominance (财政主导 cáizhèng zhǔdǎo) refers to a situation of fiscal dominance in which the monetary authorities ultimately have no independence. Fiscal dominance occurs when the fiscal authority is so profligate that a rigorous monetary authority is carried out to restrain the profligacy.

 

» Add a new term or correction« Back to Glossary Index