1 “...This paper examines possible ways for a developing country to finance budget deficits from domestic...”

2 Subjects: “...National Deficit Surplus...”

3 Subjects: “...National Deficit Surplus...”

4 “... and trade deficits. Thus, the optimal rate of taxation, from a macroeconomic point of view, may lead to some...”

5 “... deficit, as compared to a benchmark scenario in which banks remain solvent. Thus bank failures can result...”