This means that countries that
owe foreign debt, that's almost all denominated in dollars, especially to the International Monetary Fund or the World Bank, they're going to have to pay much more money in higher - priced dollars for their own currency.
Not exact matches
But as most
debts are denominated in euros — and
owed mainly to
foreign banks or their local branches — devaluation would cause a sharp jump in
debt service, causing even more defaults and negative equity in real estate.
If the trade is in balance and America has a huge balance of payments surplus from all the
debt service that countries
owe in dollars — plus a huge remission of profits by American companies that have bought out
foreign industry — then the dollar's exchange rate would soar.
But as most
debts are denominated in euros — and
owed mainly to
foreign banks or their local branches — devaluation would cause a sharp jump in...
Vieira believes he and others
owe a
debt to Wenger, who was the first successful
foreign manager in the EPL and had a style that transformed the game.
List and describe miscellaneous
debt, including money you
owe to
foreign governments, money borrowed from private parties without formal documentation, and any money you expect to pay for legal proceedings.
There's chapter 11, which businesses and wealthy folks use to reorganize
debts and stay afloat, and there's chapter 13, which lets the debtor keep their property as they repay what they
owe, not to mention other chapters for fishermen and
foreign debts.
Francis said that wealthy nations and multinational corporations that use
foreign debt as a way to control poorer countries, while exploiting their natural resources and polluting their land and water,
owe them an «ecological
debt» by limiting consumption of fossil fuels and assisting them in more sustainable development.
The case concerns
debts owing from a
foreign sovereign state and whether assets subject to a Third Party
Debt Order («TPDO») in the UK are immune to execution by virtue of the State Immunity Act 1978.
Many times, the best way to collect a
debt owed by a
foreign company (particularly if that company is based in an emerging market country) is to seize an asset of that company in a
foreign country.
For example, the American Revolution was not held to invalidate private
debts owed to British debtors (indeed, the U.S. Constitution was designed with constitutional protection for
foreign creditors), but I am relatively confident that ISIS does not allow creditors from Syria or Iraq to enforce private
debt obligations in the territory that it controls.
Markets, after nearly a decade of low rates and low growth, are adjusting to the new normal and corresponding volatility — and while China may own over a trillion dollars of U.S.
debt, that's less than 20 percent of all
debt owned by
foreign nations, and a fifth of what America
owes itself.