This led to the misplaced claim that the banks funded the current account deficit, which ignored the other large capital outflows and inflows that were occurring. [5] The banking sector's net flows and stocks were the same order of magnitude as the aggregate net flows and stocks. But this wasn't causal.
3  accounts for around 15% of the total portfolio of dinar government securities. Apart from the decline in the risk premium and financing needs of the country, monetary policy easing also contributed to a sizeable reduction in interest expenses and thereby to a better fiscal result.