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Sovereign in sentence

1399 examples of Sovereign in a sentence

On the other hand, if policymakers maintain the stimulus for too long, runaway fiscal deficits may lead to a sovereign debt crisis (markets are already punishing fiscally undisciplined countries with larger sovereign spreads).
Such an outcome would cause another bout of severe systemic risk in global financial markets, trigger a series of contagious sovereign defaults, and severely damage the growth prospects of emerging-market economies that have so far experienced a more robust recovery than advanced countries.
European Central Bank President Mario Draghi’s vow to do “whatever it takes” to prevent a sovereign default in the eurozone seems to have diminished that danger – at least for now.
And the recent spike in the interest-rate spread on Italian government bonds should remind optimists that, with sovereign debt so high, many things can go wrong at any time.
Those with high levels of foreign debt but with reserves should also consider buying back their sovereign debt in the international capital market, taking advantage of falling bond prices.
Making the Case for Sovereign GDP-Linked BondsLONDON – The time has come for national governments around the world to start issuing their debt in a new form, linked to their countries’ resources.
Sovereign GDP-Linked Bonds does just that.
As Sovereign GDP-Linked Bonds argues, the issuance of GDP-linked bonds will create “fiscal space” – a cushion for exigencies – for some countries.
What is the seniority ranking of GDP-linked bonds relative to other sovereign debt?
As Sovereign GDP-Linked Bonds points out, inflation-indexed debt is even more vulnerable to government cheating, because the monetary incentive for the government is to underreport inflation, which is in line with keeping up appearances.
It sends drones and secret forces into sovereign countries without their approval.
The Eurogroup, for example, has declared that all eurozone sovereign bonds issued after January 1, 2013, should include CACs, which render a government’s debt-restructuring proposal legally binding on all bondholders if a majority of bondholders accept the deal.
Their relevant clauses are similar – often identical – to those in Greece’s investment treaties, enshrining broad, open-ended definitions of investment that do not exclude sovereign debt.
For starters, the countries that have investment treaties with Ukraine can add annexes making it explicitly clear that sovereign debt is excluded.
So, before the blowback begins, policymakers would do well to heed the strong precedent for excluding sovereign debt from a US investment treaty.
Although US investment treaties are uniform on most issues, they have remarkably diverse approaches to sovereign debt.
Chapter 11 of the North American Free Trade Agreement explicitly excludes sovereign debt.
Similarly, the US-Uruguay Bilateral Investment Treaty and the US-Peru Trade Promotion Agreement both have annexes that effectively exclude sovereign debt.
For US policymakers, the decision to add an annex excluding sovereign debt is a tough choice.
Similarly, Trump’s fiscal policies would also weaken the dollar over time – after an initial significant appreciation – as the substantially higher deficit spending would be financed either with easy money or bond issues that increase US sovereign risk.
So-called frontier economies have issued record levels of sovereign bonds, while bilateral creditors, like China, continue to invest heavily.
The World Bank report also points out that, as a consequence of banking retrenchment, institutional investors with long-term liabilities – such as pension funds, insurers, and sovereign wealth funds – may be called upon to assume a greater role in funding long-term assets.
The threat of a default on US sovereign debt has been lifted – for now – but the deeper problem persists: For America’s Republicans and Democrats, negotiating a fiscal grand compromise appears to carry higher costs than playing a game of brinkmanship, even at the risk of default.
China and other sovereign holders of US debt face capital losses over and above those implied by the inevitable appreciation of their currency.
Second, external holders of US sovereign debt will almost certainly begin to view Treasuries as risky assets and, where possible, to diversify away from them.
That is not necessarily bad – wholesale dumping of US sovereign debt is highly unlikely, as that would be self-destructive for many countries, including China – but the transitions could be bumpy.
Some sort of Brady bond to reduce and extend excessive sovereign debt will be necessary.
We can expect further European turmoil – from banks, sovereign debt, and social unrest in response to even modest welfare-state rollbacks – and clashing visions, within and among countries, concerning the desirability of deeper European integration.
Individual states held elections for their officials, but there were no elected officials (or parties) who ran on platforms and programs that transcended the boundaries of the sovereign state units.
The conflict between Greece and its creditors has highlighted the mismatch between an ever-more-integrated continental economy and a European political structure built primarily around the interests of sovereign states.
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