The Indian government could issue dollar-denominated bonds or seek a loan from his former colleagues at the I.M.F.
European and Canadian banks are looking to diversify their investor base, and several factors have made it economical for them to issue dollar-denominated debt, he added.
Another factor that appears to have scared potential buyers is a recent suggestion by Greece that it might issue dollar-denominated bonds -- something that some investors associate more with emerging-markets issuers than established euro-zone borrowers.
The reason the US could never be forced to default is that every single bit of the debt is owed in the currency that we and only we can issue: dollars.
Some are big names: state-owned energy giants like Russia's Gazprom and Brazil's Petrobras have been issuing dollar bonds via subsidiaries based in Luxembourg and the Cayman Islands.
In another sign that the worst is over, on July 18th the government issued dollar bonds for the first time since its massive debt default of 2001.But while the economy may have recovered its former size, it is different in many other ways.
A two-party, multiple-issue dollar-scoring negotiation exercise dealing with the formation and terms of an IT-industry joint venture.
Think Argentina the country or various Argentinian private companies issuing dollar-denominated debt.
A "partial hedge" can come from issuing dollar-denominated debt, which gets cheaper to service when the dollar weakens.
And even though issuing dollar-denominated bonds is cheaper, numerous finance ministers appear to think the safety of borrowing in one's own currency is worth the cost.
