Tuesday, March 12, 2024
12 p.m.
Virtual
Unlike individuals or corporations that become insolvent, nations do not have access to bankruptcy protection from their creditors. When a country defaults on its debt, the international financial system is ill equipped to manage the crisis. Decisions by key individuals―from national leaders to those at the International Monetary Fund, from holdout creditors to judges―determine the fate of an entire national economy. A prime example is Argentina's 2001 default on $100 billion in bonds, which stands out for its messy outcomes and outsized impact on sovereign debt markets, sovereign debt law and IMF policy.
This program is free, but advance registration is required. Registered guests will receive the link prior to the program. The first 100 guests will receive a FREE electronic copy of the book, courtesy of the Fordham Gabelli Center for Global Security Analysis.