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Sovereign in sentence

1399 examples of Sovereign in a sentence

Any sovereign default in Europe would shatter this cornerstone of financial regulation, and thus would have profound consequences.
And this concentration of public debt on banks’ balance sheets is what makes the entire European banking system so vulnerable to a sovereign default.
But what is proposed now will make lending for investment even less attractive and increase the incentive to concentrate sovereign risk in the banking sector.
But the “war on terror” did not warrant the decision to attack a sovereign state and topple its government on the flawed presumption that it housed weapons of mass destruction and was linked to the 2001 attacks.
As long as economic policy remains the province of national governments, sovereign risk will likely continue to distort the operation of cross-border finance.
Sovereign states can always change the rules ex post, which means full financial integration is impossible.
In these circumstances, postponing the restructuring only perpetuates distrust of European banks with opaque sovereign exposures, and of financial markets in general – in much the same way that uncertainty about exposure to collateralized debt obligations led to a confidence crisis in late 2008.
Why not use the much-heralded stability fund as collateral for a European Brady bond plan that puts an end to the sovereign debt saga?
But the current spread between the yield on German sovereign debt and that of the Italian and Spanish governments far exceeds what is required to ensure that investors differentiate appropriately.
By contrast, the friends of peace are those nations that are strong enough to establish political homogeneity within their borders and to uphold a global order of important sovereign players.
The final option is massive, large-scale, and permanent sterilized intervention – or, equivalently, the use of sovereign wealth funds or other fiscal-stabilization mechanisms – to accumulate the foreign assets needed to compensate for the effects on the currency’s value brought about by long-term inflows.
Each country would be forced back into a cumbersome system of sovereign states struggling for supremacy and constantly checking one another’s ambitions.
After a series of religious wars and the establishment of strong territorial powers, it was replaced by the “Westphalian system” of sovereign states.
The governance challenge stems from the fact that cyberspace is a combination of virtual properties, which defy geographical boundaries, and physical infrastructure, which fall under sovereign jurisdictions.
But fully separating bank risk from sovereign risk implies that the ultimate backstop must be a common one.
The world’s 300 largest pension funds control almost $15 trillion, and sovereign wealth funds have amassed about $6.5 trillion in assets.
In 2006, South Africa was the only country in Sub-Saharan Africa to have issued sovereign bonds.
This pool of reserves surpasses developing countries’ immediate liquidity needs, leading to their increased creation and expansion of sovereign wealth funds, which have an additional level of assets of more than $3 trillion.
These are major events, since there is no precedent for 11 independent and sovereign countries combining to create a new international currency with a single monetary policy and single monetary authority.
The success of economies such as China, which is driving economic development through its SOEs, and the United Arab Emirates, which is driving economic diversification through its sovereign wealth funds (SWFs), has raised potent questions about the efficacy of private-sector-led growth.
To that end, the structure of sovereign wealth is evolving from a legacy model of passive state ownership to one that recognizes that SOEs’ survival hinges on their ability to compete internationally.
Yet even with the know-how in place, the governance of high-tech companies such as Facebook and Snapchat can pose additional challenges, because both tech company founders and sovereign investors tend to prefer a high level of operational control.
In this regard, emerging-market sovereign investors have much to learn from China, where SOEs have been actively acquiring technology firms worldwide.
Even if many emerging-market sovereign funds would prefer to remain quiet, non-voting investors with passive stakes in foreign companies, the tech-sector acquisition spree that is currently underway demands that they gain a better understanding of their rights as shareholders.
Through sovereign investments in high-tech firms, policymakers can produce positive multiplier effects, including on the capital markets that were previously developed through privatization.
This shift is fundamental to the survival of state ownership, and it requires that sovereign investors rethink their traditional governance paradigm.
Rebalancing the EurozoneWASHINGTON, DC – The eurozone crisis unfolded primarily as a sovereign-debt crisis mostly on its southern periphery, with interest rates on sovereign bonds at times reaching 6-7% for Italy and Spain, and even higher for other countries.
And, because eurozone banks hold a substantial part of their assets in the form of eurozone sovereign bonds, the sovereign-debt crisis became a potential banking crisis, worsened by banks’ other losses, owing, for example, to the collapse of housing prices in Spain.
As long as this internal divergence persists, the euro crisis cannot be fully resolved, because current-account deficits and/or slow growth will continue to stalk the southern European countries, perpetuating worries about sovereign debt and commercial banks.
Unlike the US and Europe, Russia has zero sovereign debt, a balanced budget, and 4% GDP growth.
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