Eduardo Levy Yeyati is Professor of Economics at Universidad Torcuato Di Tella and Senior Fellow at the Brookings Institution.
Eduardo Levy Yeyati is Professor of Economics at Universidad Torcuato Di Tella and Senior Fellow at the Brookings Institution.
BUENOS AIRES – Argentina is in a quandary. Prior to its 2005 sovereign-debt exchange, its legislature enacted a “lock law,” which barred the…
BUENOS AIRES – Many observers have recently declared that the eurozone debt crisis is practically resolved, or at least on hold for a few ye…
BUENOS AIRES – A short-lived rumor recently suggested that the International Monetary Fund was putting together a €600 billion ($803 billion…
BUENOS AIRES – Desperate times bring desperate measures. The latest package to cope with Greece’s insolvency offers a bond buyback to lighte…
BUENOS AIRES – Today’s global currency war resembles real war in two important respects: a face-off over the structural imbalances between t…
BUENOS AIRES – The tensions between the eurozone’s north and south, and the complex and politically costly transfers of money required to da…
BARCELONA – The countries on the so-called “periphery” of the eurozone (Greece, Spain, Portugal, Ireland, and perhaps some others) need to c…
Argentina’s Debt Conundrum
Jonathan Lam: Gamesmith94134: Argentina’s debt conundrum Inasmuch the lock law and the pari passu (“equal footing”) clause included in the bonds, I see technical default and sovereignty debt default are inevitable…