【案例名称】Barber of Buenos Aires: Argentina's Debt Renegotiation

【作者】Noel Maurer, Aldo Musacchio

【页数】24

【格式】PDF

【语言】英语

【出版日期】2006年4月24日

【修订日期】2006年12月4日

【学科】公共关系 (Business & Government Relations)

【案例编号】706034-PDF-ENG

【来源】HBS Premier Case Collection

【网页】http://cb.hbsp.harvard.edu/cb/product/706034-PDF-ENG

【简介】

Tells the story of Argentina's aggressive strategy for renegotiating its sovereign debt from 2003 to 2005. Most creditors accepted the offer to swap their debt for new securities worth 35 cents on the dollar, with no recognition of all past-due interest. Many holdouts, however, remain outside the deal. Some experts believe that Argentina's stance will have negative consequences for the country's private sector and gives a worrisome signal about public policies; others maintain that circumstances beyond the government's control had placed the country in an unsustainable situation, and the successful renegotiation opens up new opportunities. The case presents the story of Argentina's debt saga from the point of view of the country's creditors (foreign and domestic), its government, and private Argentine companies that had to do business in the post-renegotiation environment. Also, discusses the larger issue of how the international financial community should handle sovereign debt workouts.

【学习目标】

To discuss the difficulties of the current international system to settle sovereign debt workouts and the possible implications of a debt renegotiation for a country, drawing a parallel to personal bankruptcy at the country level.

【涉及课题】

Bankruptcy; Bonds; Capital markets; Developing countries; Foreign investment; Government policy; International finance; Macroeconomics; Negotiation

【背景】

    * Geographic: Argentina
    * Event Year Begin: 2001
    * Event Year End: 2005

【下载】

http://www.mbabbs.com/thread-307-1-1.html