Sovereign
in sentence
1399 examples of Sovereign in a sentence
Or would it set and revise
sovereign
interest rates according to its current evaluation of each country’s fiscal efforts?
Finally, Germany might not continue to accept the default risks implied by large ECB purchases of high-risk
sovereign
bonds.
For all of these reasons, the ECB’s direct purchase of high-yield
sovereign
bonds to limit their interest rates would be a mistake.
This debut Sub-Saharan issue, which was four times oversubscribed, sparked a
sovereign
borrowing spree in the region.
It is no secret that
sovereign
bonds carry significantly higher borrowing costs than concessional debt does.
Should oil and copper prices collapse, Angola, Gabon, Congo, and Zambia may encounter difficulties in servicing their
sovereign
bonds.
Not all restrictions on the exercise of
sovereign
power are undemocratic.
Political scientists talk about “democratic delegation” – the idea that a
sovereign
might want to tie its hands (through international commitments or delegation to autonomous agencies) in order to achieve better outcomes.
A similar compromise could also be reached for the eurozone’s financial framework, and in particular the treatment of
sovereign
risk on banks’ balance sheets.
This would move the EU away from the current situation, in which all
sovereign
bonds denominated in euros are treated equally, regardless of the issuer’s debt position.
This is particularly true for proposals involving a larger role for the ESM and joint guarantees for
sovereign
bond holdings.
It is well known that Weidmann does not like it when central banks, especially the European Central Bank, buy
sovereign
bonds.
And the evidence confirms that the euro crisis is not really about
sovereign
debt, but about foreign debt.
The case of Belgium is particularly instructive, because the risk premium on Belgian
sovereign
debt has remained modest throughout most of the euro crisis, although the country’s debt/GDP ratio is above the eurozone average, at around 100%, and it went without a government for more than a year.
Yet a new recession would cause financial markets to become even more deeply divided along national lines, while strengthening the correlation between
sovereign
and bank risk.
Was this just a peculiarity of the eurozone, in which
sovereign
countries did not control their own currencies?
These positions imply a desire to exercise
sovereign
power over the Economic and Monetary Union’s rules and decisions.
Ditching the euro might trigger a banking crisis, capital flight, inflation, and perhaps even
sovereign
default.
Where autonomy is not enough, it may be possible to arrange an amicable divorce, as when Czechoslovakia peacefully divided into two
sovereign
countries.
This is a great tragedy, not just for obvious humanitarian reasons, but also because R2P introduced an important principle: that sovereignty entails obligations as well as rights, and that when these obligations go unmet, governments forfeit some of their
sovereign
rights.
This heightened uncertainty could spill over to economic activity in the rest of the European Union through adverse feedback loops between
sovereign
risk and the banking system.
Wouldn’t a loose association of
sovereign
nation-states, sharing the hard economic core of a continental common market – the British model – be enough?
In 2009, when US First Lady Michelle Obama briefly placed her hand on the queen’s back during a reception, the British media snorted that one must never touch the
sovereign
unless she extends her hand.
In their view, Britain’s
sovereign
received the treatment a second-rate power merits.
Libya’s Shadow on
Sovereign
Wealth FundsNEW YORK – As Libya’s citizens rebuild their lives and economy, undoing the corruption in the Libyan Investment Authority (LIA), the
sovereign
wealth fund in which Muammar el-Qaddafi’s regime allegedly stashed and misused Libya’s oil wealth, is becoming a priority.
Regardless of how the Libyan government eventually handles the LIA, all
sovereign
wealth funds – and their advisers and fundraisers – can learn several important lessons.
Second, the Libyan crisis has crystallized the problem of corporate shares owned by
sovereign
governments.
The current efforts to restructure Libya’s Central Bank and LIA will affect markets’ perceptions of other
sovereign
players in the region.
Although recent reports of the International Working Group of
sovereign
funds have indicated the difficulties in applying uniform governance standards, several measures are needed in order to bring Libya back to global capital markets.
In an effort to regain access to capital markets, her economic team patched up things with the Paris Club of
sovereign
creditors and Spain’s Repsol (the former owner of nationalized oil giant YPF); but the fight with the vultures has set the country back.
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