IDEAS home Printed from https://ideas.repec.org/a/ake/repba1/y2018i17p49-104.html
   My bibliography  Save this article

Financial crises: an approach from expectations at asset markets

Author

Listed:
  • Martín Guzmán

    (Columbia University – IIEP-BAIRES (UBA-CONICET) – CIGI)

Abstract

Argentina’s 2001 default was followed by a complex debt restructuring that included a long legal dispute with socalled “vulture funds” and other holdout creditors. The full resolution of the sovereign default took almost 15 years. This paper examines the whole restructuring process. It describes the strategies followed by the debtor and the bondholders, the domestic economic implications of the restructuring and the characteristics of the legal disputes. It also analyzes the implications of the default resolution for the functioning of sovereign lending markets.

Suggested Citation

  • Martín Guzmán, 2018. "Financial crises: an approach from expectations at asset markets," Revista de Economía Política de Buenos Aires, Universidad de Buenos Aires. Facultad de Ciencias Económicas., issue 17, pages 49-104, December.
    • Handle: RePEc:ake:repba1:y:2018:i:17:p:49-104
    as

    Download full text from publisher

    File URL: https://ojs.econ.uba.ar/index.php/REPBA/article/view/1266/1926
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Debt Crisis; Argentina; Restructuration;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G01 - Financial Economics - - General - - - Financial Crises
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ake:repba1:y:2018:i:17:p:49-104. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: IIEP UBA-CONICET (email available below). General contact details of provider: https://edirc.repec.org/data/feubaar.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.