Dhillon, Amrita; García-Fronti, Javier; Ghosal, Sayantan; … - In: The World Economy 29 (2006) 4, pp. 377-398
When Argentine sovereign default in December 2001 led to a collapse of the peso, the burden of dollar debt became demonstrably unsustainable. But it was not clear what restructuring was feasible, nor when. Eventually, in 2005 after a delay of more than three years, a super-majority of creditors...