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 …

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 …

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 …

capital flows where defaults were followed by a return to market access. In spite of extended default, countries kept … integration to global markets as measured by sovereign risk pricing. We discuss imperfections of the sovereign debt institutional …

restructuring unless the perceived probability of default is too small. Nevertheless, at low ratings, this effect can be weakened by …

unless the perceived probability of default is too small. Nevertheless, at low ratings this relevance can be weakened by an …

-term debt affects default and rollover decisions by subsequent policy makers. The equilibrium maturity structure is shaped by …I analyze how lack of commitment affects the maturity structure of sovereign debt. Governments balance benefits of … default induced redistribution and costs due to income losses in the wake of a default. Their choice of short- versus long …

the gains from default induced redistribution against the cost of defaulting. Ex ante, the government issues debt of …I analyze how lack of commitment affects the maturity structure of sovereign debt. Ex post, the government trades off … of government assets (tax collections) and liabilities (debt redemption) and avoids dilution as well as debt rollovers …