ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By Mitu Gulati

Restructuring Argentina's Debt: How Is It Going to Happen?

In the case of Ecuador about a year ago, to effect sovereign debt restructuring, lawyers turned to a solution embedded in the bond contracts themselves, using what is termed as an 'Exit Consent' offer. The lessons of the Ecuador experience are very relevant to Argentina today as a possible way to restructure its debt without the need for either a bail-out brokered by, say, the IMF or an international bankruptcy regime.

How to Get the Government-Owned Corporation Working

It is possible to structure government enterprises to work at improved levels of efficiency. In the private sector, for the most part, it is the markets that impose discipline. In the public sector there are generally no comparable disciplining mechanisms. However, there is nothing to prevent the creation of mechanisms for scrutiny and accountability for government enterprises.