Default

Default
Author :
Publisher : Georgetown University Press
Total Pages : 250
Release :
ISBN-10 : 9781647123987
ISBN-13 : 1647123984
Rating : 4/5 (984 Downloads)

Book Synopsis Default by : Gregory Makoff

Download or read book Default written by Gregory Makoff and published by Georgetown University Press. This book was released on 2024-02-01 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dramatic inside story of the most important case in the history of sovereign debt law Unlike individuals or corporations that become insolvent, nations do not have access to bankruptcy protection from their creditors. When a country defaults on its debt, the international financial system is ill equipped to manage the crisis. Decisions by key individuals—from national leaders to those at the International Monetary Fund, from holdout creditors to judges—determine the fate of an entire national economy. A prime example is Argentina’s 2001 default on $100 billion in bonds, which stands out for its messy outcomes and outsized impact on sovereign debt markets, sovereign debt law, and IMF policy. Default is the riveting story of Argentina’s sovereign debt drama, which reveals the obscure inner workings of sovereign debt restructuring. This detailed case study describes the intense fight over the role of the IMF in Argentina’s 2005 debt restructuring and the ensuing bitter decade of litigation with holdout creditors, demonstrating that outcomes for sovereign debt are determined by a complex interplay between financial markets, governments, the IMF, the press, and the courts. This cautionary tale lays bare the institutional, political, and legal pressures that come into play when a country cannot repay its debts. It offers a deeper understanding of how global financial capitalism functions for those who work in or study debt markets, international finance, international relations, and international law.

Default Related Books

Default
Language: en
Pages: 250
Authors: Gregory Makoff
Categories: Business & Economics
Type: BOOK - Published: 2024-02-01 - Publisher: Georgetown University Press

GET EBOOK

The dramatic inside story of the most important case in the history of sovereign debt law Unlike individuals or corporations that become insolvent, nations do n
The Making of Jorge Luis Borges as an Argentine Cultural Icon
Language: en
Pages: 228
Authors: Mariana Casale O’Ryan
Categories: Literary Criticism
Type: BOOK - Published: 2014-05-05 - Publisher: MHRA

GET EBOOK

Jorge Luis Borges is, undeniably, Argentina's best-known and most influential writer. In addition to scholarly studies of his work, his emblematic figure contin
Contemporary Argentina
Language: en
Pages: 376
Authors: David J Keeling
Categories: Political Science
Type: BOOK - Published: 2021-11-28 - Publisher: Taylor & Francis

GET EBOOK

In this perceptive book, David Keeling analyzes Argentinas changing position in the modern world economy against the backdrop of the countrys regional developme
Between Light and Shadow
Language: en
Pages: 370
Authors: Mac Darrow
Categories: Law
Type: BOOK - Published: 2003-03-20 - Publisher: Bloomsbury Publishing

GET EBOOK

Much has been written on the human rights relevance and impacts of the policies and activities of the World Bank and IMF --or International Financial Institutio
The Rotarian
Language: en
Pages: 64
Authors:
Categories:
Type: BOOK - Published: 2000-01 - Publisher:

GET EBOOK

Established in 1911, The Rotarian is the official magazine of Rotary International and is circulated worldwide. Each issue contains feature articles, columns, a