Business, Legal & Accounting Glossary
The economic situation that occurs when government borrowing is so excessive in one country that it causes higher interest rates in another. For example, if China borrows a large amount of U.S. dollars from the United States, the United States would likely see an increase in interest rates due to the lower supply of U.S. dollars.
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This glossary post was last updated: 20th November, 2021 | 0 Views.