Argentina's Post-2001 Economy and the 2014 Default

42 Pages Posted: 18 Mar 2015 Last revised: 6 Aug 2015

See all articles by Carolyn Thomas

Carolyn Thomas

Metropolitan State University of Denver, Department of Economics, Students

Nicolas Cachanosky

Metropolitan State University of Denver; American Institute for Economic Research

Date Written: July 17, 2015

Abstract

With two sovereign debt defaults within the last thirteen years, Argentina represents an interesting case study on the causes and effects of defaults by sovereign states. Argentina has had a history of economic strife for the last one hundred years, largely due to political and economic instability. This paper discusses the economics of Argentina after the 2001 financial crisis that lead to the default in 2014. The paper also explains the main legal aspects for the Holdouts versus Argentina trial over the pari passu controversy, as well as discusses the different reactions to the trial and consequential default.

Keywords: Argentina, default

JEL Classification: E65, N16

Suggested Citation

Thomas, Carolyn and Cachanosky, Nicolas, Argentina's Post-2001 Economy and the 2014 Default (July 17, 2015). Quarterly Review of Economics and Finance, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2579438 or http://dx.doi.org/10.2139/ssrn.2579438

Carolyn Thomas

Metropolitan State University of Denver, Department of Economics, Students ( email )

890 Auraria Pkwy
Denver, CO 80204
United States

Nicolas Cachanosky (Contact Author)

Metropolitan State University of Denver ( email )

Student Success Building
890 Auraria Pkwy #310
Denver, CO 80217
United States

HOME PAGE: http://www.ncachanosky.edu

American Institute for Economic Research

PO Box 1000
Great Barrington, MA 01230
United States

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