美国的海外债权人持有美元的理由有很多。

America's overseas creditors hold it for many reasons.

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中国金属的海外债权人能否收回资金取决于债券是否有本地资产担保或是有海外实体持有的抵押品担保。

The ability of FerroChina's foreign creditors to recover the debt depended on whether it was backed by onshore assets or by collateral held in an offshore entity.

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西班牙的消费繁荣与膨胀的经常项目赤字得以毫无节制地持续下来，正是因为海外债权人的汇率风险减小了。

Spain's consumption boom and ballooning current-account deficit continued unchecked because foreign lenders faced less currency risk.

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