Argentina's default and the lack of dire consequences
Autor(a) principal: | |
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Data de Publicação: | 2011 |
Outros Autores: | , |
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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Economia Aplicada |
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|
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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 |