AB<p>&quot;Sovereign <a href="https://social.coop/tags/DebtCrises" class="mention hashtag" rel="tag">#<span>DebtCrises</span></a> are not necessarily the product of misfortunes or mismanagement of public finances – they are a systemic feature of the current international monetary system&quot;</p><p>&quot;...As long as the international monetary system is built upon a global currency hierarchy, such crises will not disappear.&quot; </p><p><a href="https://social.coop/tags/IMF" class="mention hashtag" rel="tag">#<span>IMF</span></a> <a href="https://social.coop/tags/Debt" class="mention hashtag" rel="tag">#<span>Debt</span></a> <a href="https://social.coop/tags/PublicFinances" class="mention hashtag" rel="tag">#<span>PublicFinances</span></a> <a href="https://social.coop/tags/Economy" class="mention hashtag" rel="tag">#<span>Economy</span></a> <a href="https://social.coop/tags/DollarHegemony" class="mention hashtag" rel="tag">#<span>DollarHegemony</span></a> </p><p><a href="https://www.brettonwoodsproject.org/2022/10/monetary-power-and-sovereign-debt-crises-the-renewed-case-for-a-sovereign-debt-restructuring-mechanism/" target="_blank" rel="nofollow noopener noreferrer" translate="no"><span class="invisible">https://www.</span><span class="ellipsis">brettonwoodsproject.org/2022/1</span><span class="invisible">0/monetary-power-and-sovereign-debt-crises-the-renewed-case-for-a-sovereign-debt-restructuring-mechanism/</span></a></p>