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The Landmark Court Battle over Argentina's $100 Billion Debt Restructuring
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Narrated by:
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Timothy Andrés Pabon
About this listen
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 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.
Default is the riveting story of Argentina's sovereign debt drama, which reveals the obscure inner workings of sovereign debt restructuring. This detailed case study describes the intense fight over the role of the IMF in Argentina's 2005 debt restructuring and the ensuing bitter decade of litigation with holdout creditors, demonstrating that outcomes for sovereign debt are determined by a complex interplay between financial markets, governments, the IMF, the press, and the courts.
This cautionary tale lays bare the institutional, political, and legal pressures that come into play when a country cannot repay its debts. It offers a deeper understanding of how global financial capitalism functions for those who work in or study debt markets, international finance, international relations, and international law.
©2024 Gregory Makoff (P)2024 TantorListeners also enjoyed...
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Almost but not quite plagiarism
- By T.T. on 06-19-24
By: Geoff White
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Private Equity Deals
- Case Studies of Dealmaking from Capital Allocators
- By: Ted Seides
- Narrated by: Ted Seides
- Length: 12 hrs and 38 mins
- Unabridged
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There’s no more important sector of institutional portfolios or the global economy to understand than private equity. Private equity owned businesses are everywhere around us and touch every aspect of our daily lives. In Private Equity Deals, Ted Seides gives you an insight to the conversations that typically happen behind the closed doors of institutional investors and private equity managers. Through a series of case studies , Private Equity Deals shares the dynamics of deal making, companies, and ownership that make private equity a force in the world.
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“Inside baseball” on PE deals from the Sponsor’s perspective
- By Joel Katz on 02-20-25
By: Ted Seides
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Argentina
- The History and Legacy of the Nation from the Colonial Era to Today
- By: Charles River Editors
- Narrated by: Colin Fluxman
- Length: 3 hrs and 16 mins
- Unabridged
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By the time Christopher Columbus started setting east from the New World, he had explored San Salvador in the Bahamas (which he thought was Japan), Cuba (which he thought was China), and Hispaniola, the source of gold. As the common story goes, Columbus, en route back to Spain from his first journey, called in at Lisbon as a courtesy to brief the Portuguese King John II of his discovery of the New World.
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Good brief overview
- By Svetik Gamelin on 11-17-24
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The War Below
- Lithium, Copper, and the Global Battle to Power Our Lives
- By: Ernest Scheyder
- Narrated by: Matt Godfrey
- Length: 12 hrs and 8 mins
- Unabridged
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The War Below reveals the explosive brawl among industry titans, conservationists, community groups, policymakers, and many others over whether the habitats of rare plants, sensitive ecosystems, Indigenous holy sites, and other places should be dug up for their riches.
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Misses its chance at greatness
- By B L on 09-16-24
By: Ernest Scheyder
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Money Men
- A Hot Startup, A Billion Dollar Fraud, A Fight for the Truth
- By: Dan McCrum
- Narrated by: Dan McCrum
- Length: 13 hrs and 3 mins
- Unabridged
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When investigative journalist Dan McCrum first came across Wirecard, the hot new tech company that looked poised to challenge Silicon Valley, it all looked a little too good to be true: offices were sprouting up all over the world, and they were reporting runaway growth. In the space of a few short years, the company had come from nowhere to overtake industry giants like Commerzbank and Deutsche Bank on the stock market. As McCrum began to dig deeper, he encountered a story stranger and more compelling than he could have imagined.
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Interesting book but…
- By Rock Climber on 06-11-23
By: Dan McCrum
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The Motorcycle Diaries
- Notes on a Latin American Journey
- By: Ernesto Che Guevara, Aleida Guevara - foreword
- Narrated by: Jason Manuel Olazabal
- Length: 5 hrs and 28 mins
- Unabridged
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The Motorcycle Diaries is Che Guevara's diary of his journey to discover the continent of Latin America while still a medical student, setting out in 1952 on a vintage Norton motorcycle together with his friend Alberto Granado, a biochemist. It captures, arguably as much as any book ever written, the exuberance and joy of one person's youthful belief in the possibilities of humankind tending toward justice, peace, and happiness.
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Great
- By Andrew S on 06-03-23
By: Ernesto Che Guevara, and others
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The Taking of Getty Oil
- The Full Story of the Most Spectacular - and Catastrophic - Takeover of All
- By: Steve Coll
- Narrated by: Steven Cooper
- Length: 17 hrs and 49 mins
- Unabridged
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A true story of family, ambition, and greed in the most bitter and controversial takeover struggle in business history. The high-stakes fight between Texaco and Pennzoil to take over Getty Oil is a startling and intriguing case involving family infighting, courtroom drama, and corporate intrigue that ends in bankruptcy and the largest damages award in American history.
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Sibling contention, intrique, courtroom drama
- By Jean on 08-27-15
By: Steve Coll
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History of Argentina
- A Captivating Guide to Argentine History, Starting from the Pre-Columbian Period Through the Inca Empire and Spanish Colonization to the Present
- By: Captivating History
- Narrated by: Jay Herbert
- Length: 3 hrs and 26 mins
- Unabridged
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Did you know that as of 2018, Argentina has a literacy level of 99 percent? Are you curious to find out how it achieved this? Argentina has a long and complex history. For hundreds of years, Argentina was inhabited by hunter-gatherer groups. In time, the Inca Empire rose to prominence and took over the Argentinian communities one by one. The Spanish arrived about 20 years later, bringing a new wave of invasion to the native inhabitants. The people of Argentina wouldn’t declare their independence until 1816, and after that, they faced civil war after civil war.
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Don’t do it!
- By Scott on 01-01-22
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Power Failure
- The Rise and Fall of an American Icon
- By: William D. Cohan
- Narrated by: Eric Jason Martin
- Length: 28 hrs and 17 mins
- Unabridged
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No company embodied American ingenuity, innovation, and industrial power more spectacularly and more consistently than the General Electric Company. GE once developed and manufactured many of the inventions we take for granted today, nearly everything from the lightbulb to the jet engine. GE also built a cult of financial and leadership success envied across the globe and became the world’s most valuable and most admired company. But even at the height of its prestige and influence, cracks were forming in its formidable foundation.
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Much better than other GE books
- By Brannon Crawford on 12-26-22
By: William D. Cohan
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The Trolls of Wall Street
- How the Outcasts and Insurgents Are Hacking the Markets
- By: Nathaniel Popper
- Narrated by: Robert Fass
- Length: 10 hrs and 37 mins
- Unabridged
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The dramatic story of an improbable gang of self-proclaimed “degenerates” who made WallStreetBets into a cultural movement that moved from the fringes of the internet to the center of Wall Street, upending the global financial markets and changing how an entire generation thinks about money, investing, and themselves.
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Very interesting concepts
- By Leandro on 06-26-24
By: Nathaniel Popper
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The Key Man
- The True Story of How the Global Elite Was Duped by a Capitalist Fairy Tale
- By: Simon Clark, Will Louch
- Narrated by: Peter Noble
- Length: 11 hrs and 22 mins
- Unabridged
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Arif Naqvi was charismatic, inspiring, and self-made—all the qualities of a successful business leader. The founder of Abraaj, a Dubai-based private-equity firm, Naqvi was the Key Man to the global elite searching for impact investments to make money and do good. In 2018, Simon Clark and Will Louch were contacted by an anonymous whistleblower who said Naqvi had swindled investors out of hundreds of millions of dollars and offered bribes to sustain his billionaire lifestyle. In April 2019—months after their exposé broke—Naqvi was arrested on charges of fraud and racketeering.
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A great take on one of the greatest swindleds
- By Amer on 05-05-23
By: Simon Clark, and others
What listeners say about Default
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Lukk
- 06-28-24
Delivers on promise
Interesting insight into sovereign bond default and court battles related to it.
I missed more details on Elliott's modus operandi, what happened inside the firm, etc. although it's probably extremely difficult to obtain such information. Author tried to stay neutral without judging Argentina's government which was clearly a total mess.and tried to skirt it's creditors.
Very good narration, interesting even when explaining intricacies of legal process.
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