I was watching this video and since it's a bit oversimplified I wanted more information.
I was curious because internal debt is in the local currency from local lenders, while external debt is in a widely-used currency from foreign lenders.
Technically the government bonds market has foreign and local lenders so are govt. bonds both external debt and internal debt? At the same time, the bonds are traded in local currency, I assume, so are govt. bonds internal debt then?
If someone could clarify it would be much appreciated. Thanks so much for your time!