Eventually, recognizing the fiscal imprudence and inflationary risks engendered by such automatic monetization of government deficits, joint efforts between the Reserve Bank and the government during 1994-1997 limited deficit financing from the Reserve Bank to the capped Ways and Means Advances (WMA).
By the way, that is the resolution strategy for the systemically important financial institutions in Denmark. So we are no longer in a situation where we either save them all or do not save any. The BRRD has introduced a new layer in the creditor hierarchy.