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the IMF's Article IV Consultation process. Argentina is also the only G-20 member government that is in default on its … Argentina back to the global capital markets is certainly relevant -- especially for those with short memories who may be …, it would appear that Argentina has come a long way from its troubled past. However, it would be naïve to rush to the …
Persistent link: https://www.econbiz.de/10008765919
are worrying investors involved in vulnerable European countries. In Argentina (in default since 2002), numerous arbitrary …Three sovereign defaults in the past decade have each inflicted losses of at least 70% on bondholders: Argentina … measures were taken that damaged the interests of investors; the debt relief that was demanded bore little relation to the …
Persistent link: https://www.econbiz.de/10011110096
The wave of sovereign defaults in the early 1980s and the string of debt crises in the decades that followed have … fostered proposals involving policy interventions in sovereign debt restructurings. A key question about these proposals that … renegotiation in sovereign debt restructurings. Critically, the model also endogenizes the choice of debt maturity, an essential …
Persistent link: https://www.econbiz.de/10012139015
China’s lending boom to developing countries is morphing into defaults and debt distress. Given the secrecy surrounding …. We construct an encompassing dataset of sovereign debt restructurings with Chinese lenders and find that these credit … a resolution approach reminiscent of 1980s Western lenders; they seldom provide deep debt relief with face value …
Persistent link: https://www.econbiz.de/10012807855
Sovereign debt restructurings can be implemented preemptively - prior to a payment default. We code a comprehensive new … sovereign debt model that incorporates preemptive and post-default renegotiations. The model improves the fit with the data and … explains the sovereign's optimal choice: preemptive restructurings occur when default risk is high ex-ante, while defaults …
Persistent link: https://www.econbiz.de/10011404928
Sovereign debt restructurings can be implemented preemptively - prior to a payment default. We code a comprehensive new … sovereign debt model that incorporates preemptive and post-default renegotiations. The model improves the fit with the data and … explains the sovereign's optimal choice: preemptive restructurings occur when default risk is high ex-ante, while defaults …
Persistent link: https://www.econbiz.de/10011384621
The IMF had a coercitive and disciplining role in different eras of Argentina`s economic history. This role became more … strengthened their influence on Argentina´s economic policy. The climax was during the 1999-2001 period with the deepening of the …
Persistent link: https://www.econbiz.de/10008533687
This report details the divergent paths that the world economy may take and their potential effects on Latin America and the Caribbean. Scenarios are constructed employing a modeling exercise that captures the trade, financial and other linkages between the region and the rest of the world....
Persistent link: https://www.econbiz.de/10013108195
This report details the divergent paths that the world economy may take and their potential effects on Latin America and the Caribbean. Scenarios are constructed employing a modeling exercise that captures the trade, financial and other linkages between the region and the rest of the world....
Persistent link: https://www.econbiz.de/10010547929
though spreads in secondary market prices between Argentina’s long-term sovereign bonds and U.K. consols remained stable … Argentina’s Initial Public Offerings reflect the deteriorating macroeconomic situation of the country. In fact, this paper …
Persistent link: https://www.econbiz.de/10005417087