Sovereign
in sentence
1399 examples of Sovereign in a sentence
As a result of Chile’s cautious fiscal strategy, the country has a national debt that amounts to only 16% of GDP – and a
sovereign
debt rating that is the highest in South America.
Finally,
sovereign
risk is rising – consider the troubles faced by investors in Dubai, Greece, and other emerging markets and advanced economies.
In other words, he would “kill them” where they were found, not only on the battlefield, but also in other
sovereign
countries, such as Pakistan, without charge or trial.
China could create a system in which broad equity stakes – held by pension, social security, or
sovereign
wealth funds – are professionally managed, thereby guaranteeing not only that the long-term risk-adjusted ROE is higher than the real (inflation-adjusted) GDP growth rate and the nominal interest rate, but also that the gains are shared widely among the population.
As Stanford professor Jeremy Bulow and I showed in our work on
sovereign
debt in the 1980’s, countries rarely can be squeezed into making net payments (payments minus new loans) to foreigners of more than a few percent for a few years.
Both Standard and Poor's and Moody's downgraded India's
sovereign
creditworthiness by revising the outlook on long-term foreign-currency debt from stable to negative, and from positive to stable respectively.
Last but not least: it is not widely known that one anomaly of Lebanon’s status until this very day is that Syria has not fully recognized its existence as a
sovereign
nation (in Syrian school textbooks, Lebanon figures as part of Greater Syria).
Moreover, a higher inflation target remains unthinkable, and the German government argues that defaults on
sovereign
debt are illegal within the eurozone.
First, the defaulted
sovereign
bonds did not have CACs, so there was no way to force holdouts to accept the initial deal.
More important, years later, US courts accepted a novel interpretation of the pari passu clause advanced by holdout creditors (and rejected by virtually all other mainstream participants and practitioners in
sovereign
finance).
Just as Japan, with its gross government debt at 239% of GDP, has been able to sidestep a
sovereign
debt crisis, China, with its far larger saving cushion and much smaller
sovereign
debt burden (49% of GDP), is in much better shape to avoid such an implosion.
A five-year diaspora bond would have a lower interest rate than a
sovereign
bond sold to foreign institutional investors, as diaspora investors’ perception of risk in their home country is likely to be lower.
This dangerous idea comes to us courtesy of Indonesia’s minister of health, Siti Fadilah Supari, who asserts that deadly viruses are the
sovereign
property of individual nations – even though they cross borders and could pose a pandemic threat to all the world’s peoples.
European Central Bank President Mario Draghi vowed to do “whatever it takes” to save the euro, and quickly institutionalized that pledge by establishing the ECB’s “outright monetary transactions” program to buy distressed eurozone members’
sovereign
bonds.
The dysfunctional system of European fiscal governance should be dismantled; fiscal responsibility should be returned to member states; and, to minimize the risk of excessive future lending, private lenders should be required to bear the losses implied by unsustainable
sovereign
debt.
As a result, these countries have condemned themselves to continued austerity, low growth, and high debt, while diminishing any future incentive for private lenders to impose fiscal discipline on
sovereign
borrowers.
As it stands, the common denominator of existing eurozone-reform proposals is the completion of a banking union, which many believe is needed to reduce financial fragmentation and break the vicious circle between banks and
sovereign
debt.
These include: hedging export earnings – for example, via the oil options market, as Mexico does; ensuring counter-cyclical fiscal policy – for example, via a variant of Chile’s structural budget rule; and delegating
sovereign
wealth funds to professional managers, as Botswana’s Pula Fund does.
Hedge funds, pension funds, and
sovereign
wealth funds are stating that they are looking closely at C-suite remuneration, and that it is time to take reform seriously.
Norway’s
sovereign
wealth fund, worth $870 billion, has said that it is setting its sights on pay structures.
Nationalism is a temporal vision (and thus secular, even when using religion in its rhetoric) that divides people into
sovereign
communities of equal members.
A more direct approach to preventing crises in weaker economies would be to create a continuous eligibility scale, akin to the
sovereign
rating scale (which does not have a large effect on country risk), with countries at different points on the scale having access to different types of precautionary facilities.
History had written a different role for us – sovereign, independent, detached from continental entanglements, and, if not an equal of America, then at least a senior, faithful adjutant.
The notion that a dictator can claim the
sovereign
right to abuse his people has become unacceptable.
Moreover, the European Central Bank pledged to protect these countries from default free of charge through its “outright monetary transactions” (OMT) scheme – that is, by promising to purchase their
sovereign
debt on secondary markets – which functions roughly as Eurobonds would.
But the US crisis suggests that political union is no panacea for managing
sovereign
debt.
Having already enacted the Countering American Adversaries Through Sanctions Act last year, a bipartisan congressional coalition will soon approve even more severe sanctions, most likely hitting Russian
sovereign
debt and state-owned financial institutions.
And greater involvement quickly leads to better understanding of the issues at stake, and the reasons why some policies have been adopted that challenge or even override the
sovereign
powers of individual countries.
Political and/or electoral risk can be found in all of them, loose fiscal policy in many of them, and rising external imbalances and
sovereign
risk in some of them.
The first is the
sovereign
people, who poured into the streets of every large city in the country with the knowledge that, in terms of total votes, it is they, not Trump, who won the election.
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