So, over time, fiscal accounts worsen automatically, creating a vicious circle: monetized fiscal deficits lead to inflation and a widening gap in the parallel exchange-rate market which worsens the fiscal deficit. Eventually, a major adjustment of the official rate becomes inevitable.
因此随着时间的推移，财政账户自动走向恶化并形成恶性循环：财政赤字货币化导致平行双重汇率市场下的通货膨胀和贫富差距不断扩大，并使财政赤字进一步恶化。最终就必须要实施官方汇率的重大调整。