NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Sovereign Default, Debt Restructuring, and Recovery Rates: Was the Argentinean "Haircut" Excessive?

Sebastian Edwards

NBER Working Paper No. 20964
Issued in February 2015

---- Acknowledgements ----

I thank Alvaro Felipe García and Jorge Bromberg for their assistance. Subsection 2.2 draws, partially, on a report prepared for White & Case LLP in September, 2012. As always, discussions with Ed Leamer have been very useful. I also thank participants at UCLA’s finance seminar for helpful comments. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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