Argentina's default and the lack of dire consequences

Detalhes bibliográficos
Autor(a) principal: Baer, Werner
Data de Publicação: 2011
Outros Autores: Margot, Diego, Montes-Rojas, Gabriel
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Economia Aplicada
Texto Completo: https://www.revistas.usp.br/ecoa/article/view/1033
Resumo: We analyze the 2001 Argentine default on its foreign debt and its consequences in terms of the existing literature on sovereign debt default. It is our purpose to evaluate this experience and to see to what extent the Argentine case requires a re-thinking on the nature and consequences of defaults. We show that the Argentine case contradicts many of the standard predictions, in particular its posterior lack of access to international credit, restriction to international trade and negative economic growth. Moreover, it corroborates the historical fact that many defaulters "get away with it."
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spelling Argentina's default and the lack of dire consequencessovereign debtdefaultArgentinaWe analyze the 2001 Argentine default on its foreign debt and its consequences in terms of the existing literature on sovereign debt default. It is our purpose to evaluate this experience and to see to what extent the Argentine case requires a re-thinking on the nature and consequences of defaults. We show that the Argentine case contradicts many of the standard predictions, in particular its posterior lack of access to international credit, restriction to international trade and negative economic growth. Moreover, it corroborates the historical fact that many defaulters "get away with it."Universidade de São Paulo, FEA-RP/USP2011-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ecoa/article/view/103310.1590/S1413-80502011000100007Economia Aplicada; Vol. 15 No. 1 (2011); 131-146Economia Aplicada; Vol. 15 Núm. 1 (2011); 131-146Economia Aplicada; v. 15 n. 1 (2011); 131-1461980-53301413-8050reponame:Economia Aplicadainstname:Universidade de São Paulo (USP)instacron:USPenghttps://www.revistas.usp.br/ecoa/article/view/1033/1045Copyright (c) 2015 Economia Aplicadainfo:eu-repo/semantics/openAccessBaer, WernerMargot, DiegoMontes-Rojas, Gabriel2016-02-03T16:59:38Zoai:revistas.usp.br:article/1033Revistahttps://www.revistas.usp.br/ecoaPUBhttps://www.revistas.usp.br/ecoa/oai||revecap@usp.br1980-53301413-8050opendoar:2023-09-13T12:16:55.425750Economia Aplicada - Universidade de São Paulo (USP)false
dc.title.none.fl_str_mv Argentina's default and the lack of dire consequences
title Argentina's default and the lack of dire consequences
spellingShingle Argentina's default and the lack of dire consequences
Baer, Werner
sovereign debt
default
Argentina
title_short Argentina's default and the lack of dire consequences
title_full Argentina's default and the lack of dire consequences
title_fullStr Argentina's default and the lack of dire consequences
title_full_unstemmed Argentina's default and the lack of dire consequences
title_sort Argentina's default and the lack of dire consequences
author Baer, Werner
author_facet Baer, Werner
Margot, Diego
Montes-Rojas, Gabriel
author_role author
author2 Margot, Diego
Montes-Rojas, Gabriel
author2_role author
author
dc.contributor.author.fl_str_mv Baer, Werner
Margot, Diego
Montes-Rojas, Gabriel
dc.subject.por.fl_str_mv sovereign debt
default
Argentina
topic sovereign debt
default
Argentina
description We analyze the 2001 Argentine default on its foreign debt and its consequences in terms of the existing literature on sovereign debt default. It is our purpose to evaluate this experience and to see to what extent the Argentine case requires a re-thinking on the nature and consequences of defaults. We show that the Argentine case contradicts many of the standard predictions, in particular its posterior lack of access to international credit, restriction to international trade and negative economic growth. Moreover, it corroborates the historical fact that many defaulters "get away with it."
publishDate 2011
dc.date.none.fl_str_mv 2011-03-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/1033
10.1590/S1413-80502011000100007
url https://www.revistas.usp.br/ecoa/article/view/1033
identifier_str_mv 10.1590/S1413-80502011000100007
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/1033/1045
dc.rights.driver.fl_str_mv Copyright (c) 2015 Economia Aplicada
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2015 Economia Aplicada
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
dc.source.none.fl_str_mv Economia Aplicada; Vol. 15 No. 1 (2011); 131-146
Economia Aplicada; Vol. 15 Núm. 1 (2011); 131-146
Economia Aplicada; v. 15 n. 1 (2011); 131-146
1980-5330
1413-8050
reponame:Economia Aplicada
instname:Universidade de São Paulo (USP)
instacron:USP
instname_str Universidade de São Paulo (USP)
instacron_str USP
institution USP
reponame_str Economia Aplicada
collection Economia Aplicada
repository.name.fl_str_mv Economia Aplicada - Universidade de São Paulo (USP)
repository.mail.fl_str_mv ||revecap@usp.br
_version_ 1800221694610112512

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