Debtors
in sentence
238 examples of Debtors in a sentence
The details differ, but the idea is the same: creditors are shifting the entire burden of adjustment onto debtors, while the “center” avoids its own responsibility for the imbalances.
Debt relief could take various forms other than Eurobonds, and would be conditional on
debtors
abiding by the fiscal compact.
It was not very imaginative: Banks and multilateral development institutions should all lend more, and the
debtors
should continue their efforts to improve their macroeconomic policies.
And because, like the ESM, it is conditional, it would do nothing to alleviate the tension between creditors and
debtors.
The regulators’ tersely worded letter to the International Swaps and Derivatives Association (ISDA) asked it to renounce a core component of the industry’s multi-decade effort to exempt itself from financial debtors’ bankruptcy – an exemption that worsens not only the debtor’s stability, but also that of the global economy.
In the long run, however, we will have to answer the broader question that the eurozone’s various debt crises have raised: Is the social value of making finance cheap worth the days of reckoning for stricken
debtors?
And, when some of the IMF’s largest
debtors
(Brazil and Argentina) began to prepay their debts a few years ago with no new borrowers in sight, it looked like the final nail in the coffin had been struck.
If the real (inflation-adjusted) value of nominal debts increases, more
debtors
could fall into bankruptcy.
The choices they make will depend on how they weigh the risks of bloating their balance sheets, imposing costs on banks and consumers, pursuing possibly unattainable inflation targets, and hurting
debtors
and producers at home.
Such an effort would quickly reveal that the real divergence is not between the EU’s northern and southern members, nor between its
debtors
and creditors.
Indeed, it appears that the typical northern European taxpayer supports the typical stakeholder in northern European banks that are over-exposed to southern European
debtors.
Debates within eurozone member states typically converge on what legal scholars call herrschende Meinung (“dominant opinion”), which, in turn, appears to reflect their countries’ status as creditors or
debtors.
Prior to reunification, Germany was the main motor of integration; now, weighed down by reunification’s costs, German taxpayers are determined to avoid becoming European debtors’ deep pocket.
The scars from the post-2008 split between eurozone creditors and
debtors
are still visible, and a new fight pits advocates of the open society against proponents of identity politics.
Even if a country’s trade unions enable such a policy through wage moderation,
debtors
would run into difficulties, because they borrowed on the assumption that high inflation would continue.
Debtors
worldwide face a risk of bankruptcy which, if widespread, could lead to a dangerous recession.
Europeans, both
debtors
and creditors, must address the banking problem forthrightly, and simultaneously with the euro, sovereign-debt, and fiscal-adjustment issues.
Were their demand for debt lower – and, in the case of corporate debtors, were they to rely more on equity – financial institutions would face less pressure to use so much debt themselves.
China’s largest corporate
debtors
are state-owned firms, and their creditors are state-owned banks.
Otherwise, a liquidity run would create solvency problems for all the big eurozone
debtors.
The second path drives many
debtors
in crisis countries into bankruptcy.
The surpluses and deficits grow larger during the upturn, and the burden of adjustment falls disproportionately on
debtors
during the downturn, leading to a debt-deflationary process that takes root in the deficit regions before dampening demand everywhere.
To counter this tendency, Keynes advocated replacing any system in which “the process of adjustment is compulsory for the debtor and voluntary for the creditor” with one in which the force of adjustment falls symmetrically upon
debtors
and creditors.
And dollar
debtors
may not be alone in staking a claim on those reserves.
Second, they should deal with both creditors and
debtors
– some countries’ solutions address only one or the other, sowing the seeds for future problems.
Repayments followed from other large debtors, including Indonesia, the Philippines, Serbia, and Turkey.
Greece’s Vote for SovereigntyCAMBRIDGE – Creditors and
debtors
have found themselves at odds for as long as money has changed hands.
Doing so might have facilitated the sharing of the burden between
debtors
and creditors and prevented the emergence of the us-versus-them attitude that poisoned the relationship between Greece and the institutions of the eurozone.
Indentured servitude and debtors’ prisons have also been illegal since the nineteenth century.
Eventually, it was recognized that a debt overhang was inhibiting investment and growth in Latin America, to the detriment of
debtors
and creditors alike.
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