This study delves into the intricate world of risk management at YPF S.A., Argentina's premier energy company, spanning the period from 2007 to 2019. We begin by examining the dynamic landscape of the Argentine oil market and YPF's pivotal role within it. Subsequently, we dissect YPF's initial...

Spanish abstract: Nos proponemos reflexionar sobre las relaciones financieras globales a la luz de la presente crisis de 2008. En lugar de las reacciones urgentes e irreflexivas a la crisis financiera que hemos visto que han tenido nuestros políticos; proponemos plantearnos la importancia de...

The main motivation of this paper is to study the impact of the composition of creditors on the probability of default and the risk premium on sovereign bonds, when there is debtor moral hazard. In the absence of any legal enforcement, relational contracts work only when there are creditors who...

Since the Argentine debt crisis in 2001 (and the settlement of 2005) the influence and credibility of the official sector especially the IMF is at a historical low. It is in this context that changes in sovereign bond contracts, for instance, the widespread adoption of collective action clauses...