Chapter 6- Issue Focus (Argentina, Debt Default)
Chapter 6- Issue Focus (Argentina, Debt Default) Key Questions: 1. Why do the sovereign countries borrow and who are the key players in the sovereign debt market? 2. What were the significant complexities Argentina faced when it embarked on the debt restructuring process? Introduce an Asian country as a comparative case-country that might demonstrate how a sovereign debt crisis was handled differently in this Asian nation? Critically analyze the role of vulture funds in the Argentine sovereign debt crisis. 3. Can you suggest a possible way out for Argentina from the mess of its debt crisis? What are the takeaways from this crisis for other developing countries? Ed's Suggested Readings and References: 1. Almeida Heitor, Cunha Igor, Ferreira Miguel A, Restrepo Felipe. 2014. “The Real Effects of Sovereign ...