Miller, Marcus, Ghosal, Sayantan, (2016), “Farewell to the vultures? Argentine debt restructuring and bargaining theory”, Voxeu, 8 January.
Shylock’s insistence in ‘The Merchant of Venice’ that his “pound of flesh” be paid as per the contract, regardless of the extreme and grotesque cost to the debtor, is an apt parallel with vulture funds holding out on Argentinian debt pay-outs. This column assesses the Argentinian debt situation and develops an accord that would create a compromise between the extremes on both sides.
Relevant Posts
- Velasco, Andres, (2015), “Greece, Argentina, and the Middle-Income Trap”, Project-syndicate, 30 May.
- Kern, A. (2015) “Viva la competencia”, The European Magazine, 27 March.