Argentina's Post-2001 Economy and the 2014 Default

Thomas, Carolyn; Cachanosky, Nicolas

doi:10.2139/ssrn.2579438

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Argentina's Post-2001 Economy and the 2014 Default

Quarterly Review of Economics and Finance, Vol. 60, No. May, 2016

42 Pages Posted: 18 Mar 2015 Last revised: 15 Feb 2020

See all articles by Carolyn Thomas

Carolyn Thomas

Metropolitan State University of Denver, Department of Economics, Students

Nicolas Cachanosky

The University of Texas at El Paso; American Institute for Economic Research; UCEMA Friedman-Hayek Center for the Study of a Free Society

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: 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, Vol. 60, No. May, 2016, Available at SSRN: https://ssrn.com/abstract=2579438 or http://dx.doi.org/10.2139/ssrn.2579438