The existence of QFAs means that the country has an obvious fiscal dominance and a dependent central bank. Montanjees (1995) defines QFAs as operations carried out for public policy reasons by economic institutions outside the definition of government
The existence of QFAs means that the country has an obvious fiscaldominance and a dependent central bank. Montanjees (1995) definesQFAs as operations carried out for public policy reasons by economicinstitutions outside the definition of government