Abstract:
The abstract discusses the increasing trend of sovereign borrowing from capital markets,
analyzing the legal implications of choosing between domestic and international debt issuance.
It examines the regulatory landscapes for both types of borrowing, emphasizing their impacts
on a nation's financial stability and market dynamics. Additionally, it evaluates the effects on a
nation's credit rating and borrowing costs, incorporating case studies to illustrate the outcomes
of different borrowing strategies. Overall, the study emphasizes the importance of considering
legal and regulatory environments, offering insights for policymakers, legal experts, and
financial institutions to make informed decisions that promote sustainable economic growth
and fiscal stability.
In conclusion, this dissertation contributes to the understanding of legal considerations
influencing sovereign borrowing decisions through capital markets. The research underscores
the importance of carefully evaluating the legal and regulatory environments when making
borrowing choices, taking into account a country's unique circumstances, financial objectives,
and risk appetite. Policymakers, legal experts, and financial institutions can benefit from the
findings of this study to make well-informed decisions that promote sustainable economic
growth
and
fiscal
stability
in
the
context
of
sovereign
borrowing.
