情報アイランド

「情報を制する者は世界を制す」をモットーに様々な情報を提供することを目指すブログです。現在はプログラミング関連情報が多めですが、投資関連情報も取り扱っていきたいです。

ディクテーションの実例282 ソブリン債について

ソブリン債について説明している下の動画でディクテーションをしてみました。

Sovereign Debt Overview
http://www.investopedia.com/video/play/sovereign-debt-overview/

下がディクテーションしてみた結果です。私はリスニング力が低いので聞き取れなかった部分もありました。そのような部分は?で表しています。また、リスニング力が低いため聞き間違えている部分も多いかと思います。

もし聞き間違えている部分を見付けたら、コメントで教えてくださるととてもありがたいです。


the national debt is a combination of both internal and external debt. the external debt is referred to as sovereign debt. sovereign debt refers to bonds issued by a nation's government in a foreign currency and sold to foreign investors. typically, loans to a government are seen as extremely safe because ? the government ?, legislators can simply raise taxes or print more money to pay that debt off. sovereign debt is a bit riskier as the issuer doesn't have the ability to create more currency. to pay off sovereign loans, the government would have to come up with the loan amount in the foreign currency in which it sold the bonds. most developed countries have enjoyed the trusted international investors who believe their stable economies made them creditworthy. that view changed somewhat in light of the european sovereign debt crisis where several countries saw the interest rates on their bonds skyrocket due to impending loan defaults. a key aspect of sovereign debt is that it is unsecured. if ? nation is unable to repay its bond holders, the investors can't claim any government assets. this increases the sovereign risk of the nation. the higher the sovereign risk, the higher the probability of a sovereign default. this in turn could lead to investors demanding a higher interest rate on these bonds which would eventually lead to a sovereign debt crisis. if ? nation defaults, raising capital in the future will become more difficult and much more expensive. for this reason, countries that rely on sovereign debt will sometimes place official limit on their credit spending. but, ? several european countries have shown, unexpected economic events can quickly increase debt to an unmanageable level. when a nation doesn't control the currency, it puts itself in a box. investors would do well to research a country's spending patterns and sovereign risk rating before determining the appropriate return on a loan.


難しめの単語や熟語の意味です。

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pizyumi
プログラミング歴19年のベテランプログラマー。業務システム全般何でも作れます。現在はWeb系の技術を勉強中。
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