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> Only take on debt or issue bonds in your own currency. That means that the borrower would control how much he owed, as governments of nations with their own
by geezerjay 8y ago
> Only take on debt or issue bonds in your own currency.
That means that the borrower would control how much he owed, as governments of nations with their own national currency are able to devalue their currency.
Understandingly, potential lenders do frown upon that possibility.
Similarly, lenders don't accept judicial arbitration in the jurisdiction that the lender controls.