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 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 …

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 …

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 …

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 …