The Market, the Market, and Sovereignty

Sovereign lending started in the in the lake seventies with the passage of the foreign sovereign imunities act in the us. And the state inmunis act in the uk. They which allowed countries to wave their sovereign immunity so they could be sued in us. That was a huge there was a sea change in ah the legal framework. Until then it was, the immunities were very confusing, but mostly a sovereign menly was absolute.