We can see, therefore, that sovereign debt has a systemically important role in the stability of the global economy, the economies of individual states and even the very peace of a country. To be able to then treat this as a market instrument- while appropriate at a time when capital flows were gentile and considered- is clearly not when we can write $2 trillion or more from an entire economy in a matter of seconds.
Unknown — We can see, therefore, that sovereign debt has a systemicall
We can see, therefore, that sovereign debt has a systemically important role in the stability of the global economy, the economies of individual states and even the very peace of a country. To be able to then treat this as…