sovereign debt

July 31, 2014

Argentina's (Long) Default History

With Argentina again defaulting on her sovereign debt, she is violating the sanctity of contracts and lessened her borrowing ability at home and globally.

November 2, 2011

Default Deja Vu

Between its independence in 1829 and 2006, Greece has had 5 defaults or debt reschedulings that occupied a total of 50.6 years.  Described by Rogoff and […]

October 25, 2011

Greece and Argentina

Nobody wants Greece to become Argentina. It all began with what scholars Rogoff and Reinhart called the lending boom of the 1990s. Enjoying the influx of […]