Concept information
Preferred term
sovereign borrowing
Definition
- Sovereign borrowing is the process whereby a government raises debt finance, either on the capital markets or through borrowing from commercial banks. In general, the basic principles of borrowing are applied, but the specifics of the situation are given by the fact that the borrower is the government and/or a public entity that is considered to be owned or close to the government. [Source: Encyclopedia of Business in Today's World; Sovereign Borrowing]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/sovereign_borrowing
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