Archive for CvonHoffman
Constantine von Hoffman is a Business & finance writer for CBS Interactive online.
The “Sovereign Debt Standard”
Sovereign debt is thought to be safe because, as we all know, nations always pay their debts. While individual nations go bankrupt from time to time, we maintain our faith in sovereign debt because the majority of nations don’t. But what happens if several nations go bankrupt in a very short span of time?
16Nov2011 | CvonHoffman | 2 comments | Continued
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Further to my comment of 9 August 2016, unlike the old Bank Rate system with its high interest rates, Quantitative…