Argentina
The world's standing case study in sovereign default, capital controls and inflation; nine defaults and a century of relative decline make it the market where political economy matters most and accounting matters least.
9 books
Start here
- And the Money Kept Rolling In (and Out)Paul Blustein, 2005
- Argentina, 1516-1987David Rock, 1987
- DefaultGregory Makoff, 2024
Books 9
David Rock · 1987 · The standard history of how a rich country made itself poor.
Michael Mussa · 2002 · Insider: the IMF's former chief economist on why the convertibility plan failed.
Gerardo della Paolera, Alan M. Taylor · 2003 · The long-run data behind the country's century of relative decline.
Paul Blustein · 2005 · The 2001 default, the IMF's role and the convertibility trap.
Federico Sturzenegger, Jeromin Zettelmeyer · 2006 · The technical anatomy of restructurings, written partly by a later central bank governor.
Michael Reid · 2007 · The Economist's survey of why Latin America keeps underperforming.
T2 Default
Gregory Makoff · 2024 · The NML Capital litigation and pari passu, told from the restructuring side.
Nicolas Shumway · 1991 · The competing national ideas behind the recurring policy reversals.
Domingo Cavallo, Sonia Cavallo Runde · 2017 · Insider: the economy minister who built convertibility defending the record.