Sovereign Default, Debt Restructuring, and Recovery Rates: Was the Argentinean "Haircut" Excessive?
NBER Working Paper No. 20964
---- 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.