Book notes: Default: the landmark court battle over Argentina’s $100 billion debt restructuring, by Gregory Makoff
Required reading amid current high sovereign debt, global tensions and the urgent need for climate finance
Gregory Makoff, Default: the landmark court battle over Argentina’s $100 billion debt restructuring, Georgetown University Press, 2024, 320 pages
This is a fascinating book about the largest sovereign default in recent history: Argentina’s decision to suspend payments on $100 billion of outstanding foreign obligations. It covers the 2001 default and its aftermath in what became almost two decades of legal fights with its holdout creditors. It is highly readable, more relevant than ever, and
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