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What's "smaller" in this case? I thought that most countries didn't need to borrow money internationally, they just sell bonds primarily to their own citizens.
by hugh3 15y ago
What's "smaller" in this case?
I thought that most countries didn't need to borrow money internationally, they just sell bonds primarily to their own citizens.
- justincormack 15y agoDepends on whether they are running a current account deficit too, in which case there will be net borrowing from abroad. Many countries borrow quite substantially abroad.
- eru 15y agoThey are lots of countries with debt dominated in foreign currency. Especially developing ones.