Crypto In Debt Markets: Reshaping Sovereign Borrowing
The Traditional Landscape of Sovereign Borrowing
Sovereign borrowing is the process by which governments borrow, normally by issuing bonds in foreign or domestic markets. It is used to finance infrastructure projects, social spending, economic stimulus, and debt refinancing. Traditionally, these borrowings occur in fiat money like the US dollar, euro, or yen and can be facilitated by central banks, institutional investors, and international financial systems.
