Stimulated with a series of press articles dealing with effects of S&P’s recent move for downgrading US rating from AAA to AAA negative and that of Japan from to AA – to AA－negative (If I’m correct) and subsequent argument of trustworthiness of rating firms, and also being a citizen of the country gasping under the mounting public debt surpassing 200% of GDP, I’m interested in reading articles on country debt and sovereign risk issues these days.
Though I thought there is a special (technical) term to express the right, privilege and exclusivity of key currency issuing country i.e. United State in one or two words, I cannot recall it. Can somebody teach me that economics jargon, if you know?
