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the universe of banks and firms in Argentina during the crisis of 2001. We build a model characterized by matching …, reducing the negative impact on overall credit and activity. Using linked bank-firm and firm-level data we find evidence …
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The latest Argentinean debt restructuring was the first time the resolution of a modem financial crisis was completely handed over to the private financial markets without official intervention by public institutions. We argue that the resulting harshest haircut for private creditors in history...
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