The Long and Winding Road to a Haircut
predicts that key similarities between Puerto Rico and Venezuela will emerge as their debt sagas play out.
Default Lines
Sovereign finances survived the global recession, just barely in some cases, but now Puerto Rico and Venezuela are insolvent. While the reasons for their plight may differ, there are lessons common to all defaults that investors and citizens should heed.
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A Step Forward for Sovereign Debt
believe that restructuring should be subject to nine principles adopted in September by the UN.
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Puerto Rico in Crisis
says that the US and the island's government both bear responsibility for the deepening crisis.
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Restructuring Debt in the Dark
examine the perils holdout creditors now pose for countries, like Venezuela, facing sovereign default.
