| The
Argentinean Debt: History, Default and Restructuring |
| Mario
Damill, Roberto Frenkel & Martín
Rapetti |
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| This
paper focuses attention on the processes
that led to the default of the debt in Argentina
and its subsequent restructuring. In addition,
the paper also takes a critical look at
how Argentina and its economic past have
become a point of reference and are often
cited as examples of its "supposedly
well-known characteristics" but often
fallaciously so. |
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| Argentina's
Historic Debt Swap- One Step Forward, but
Miles to Go |
| Smitha
Francis |
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| Argentina's
success in securing a debt restructuring
with the biggest debt relief in recent sovereign
lending history reflects the legitimate
leverage a sovereign can exert over its
private creditors in unsustainable debt
situations. But, as this paper argues, fundamental
issues in debt sustainability and the macroeconomics
of development financing remain unresolved
for Argentina as for other emerging markets;
as does the need to rewrite the rules of
sovereign bankruptcy proceedings. |
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| Argentina
at Crossroads: A Conflict of Interests |
| Smitha
Francis |
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| Argentina's
latest standoff with the IMF reflects the
enormity of the country's debt problem and
the conflicts between various lenders. A
sustainable solution calls for the Fund
to break the gridlock in debt restructuring
negotiations, by sharing in the required
debt reduction along with private creditors. |
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| The
Collapse of the Currency Board and The Hard
Way Back to Normality in Argentina |
| Guillermo
Rozenwurcel |
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| According
to this paper, the severity of Argentina's
economic crisis following the capital flow
reversal of the late nineties is explained
by the interplay of two structural weaknesses
of the economy viz., the quite closed nature
of the economy to international trade and
the extreme portfolio dollarization of its
domestic agents, both of which came about
due to the country's premature and outright
financial liberalization. |
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| Redollarization
to worsen the Argentine Crisis |
| Sabyasachi
Mitra |
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| The
Argentine Supreme Court's ruling on redollarisation
of the deposits of San Luis province with
a state-owned bank, if extended to other
depositors, would add to the country's woes,
and would make recovery even more difficult. |
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| Argentina
Since Default: The IMF and the Depression
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| Alan
B. Cibils, Mark Weisbrot, and Debayani Kar |
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| More
than eight months since the economic crisis
has passed and Argentina's economy continues
to decline, with the recession now having
lasted more than four years. |
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| The
Reason to Cry for Argentina |
| Anthony
Faiola |
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| While
some blame the IMF guided policies, and
the rest the corrupt Government, Argentina's
people see no way out of the financial avalanche
they are facing. |
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| When
"Good Parents" Go Bad: The IMF
in Argentina |
| Mark
Weisbrot and Dean Baker |
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| The
IMF's insistence on "reforms"
that are not related to economic recovery
is dangerous and counter-productive, the
authors argue in a formal reply to Nancy
Birdsall's speech "What went wrong
in Argentina". |
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| Argentine
President bows to IMF and banks |
| Mark
Weisbrot and Dean Baker |
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| Repeal
of the economic subversion law will rescue
business and banks accused of playing a
dubious role in the capital flight from
the country. |
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| What
happened to Argentina? |
| Mark
Weisbrot and Dean Baker |
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| Policy
failures played a role in Argentina's economic
collapse. The most important mistake was
the fixed exchange rate. |
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| Distraught
Argentines Look for Solutions |
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| Argentina's
peso tumbled as much as 44 per cent against
the dollar as exchange houses opened for
the first time since the Government said
it would devalue the currency and default
on its debts. |
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|
Argentina
to Freeze Dollar Accounts for a Year |
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| Argentina
is to tighten controls on its banking system
in a desperate attempt to shore up financial
stability after the announcement of a 29
per cent devaluation of the peso on Monday. |
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| Trade
Rout |
| Dani
Rodrik |
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| Argentina's
default on its $132 billion public debt
on December 23 hardly came as a surprise
to its foreign creditors, who had anticipated
it for many months. |
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|
Economic
Debacle In Argentina : The IMF Strikes Again |
| Arthur
MacEwan |
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| In
the midst of their fourth year of recession,
with the official unemployment rate
approaching 20%, and with increasing cutbacks
of social programs, Argentineans took to
the streets in the days before Christmas. |
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