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The paper sheds light on the apparent success of dollarization in Ecuador. The experience of Argentina with … sustainability of the currency remains the source of external funds. Whereas in Argentina the IMF and international capital flows …
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restructuring process are not equal. In the case of Argentina the inclusion of Collective Action Clauses in the defaulted bonds …
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In this comment, we take a helicopter tour of the history of notions of "equality" and "justice" in sovereign debt restructuring in particular, and in the division of property more generally, and show that these concerns have existed for centuries, if not millennia. We argue that the issue at...
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