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Michael Papaioannou has discussed the international experience on the effects of defaults. I would only recall the actual AR experience, because this affects domestic public opinion attitudes: after defaulting in 2002, AR saw high growth and low inflation for three years.
Live Now | Join us for a videoconference, as @hanshumes, @IMFNews's Michael Papaioannou, Guggenheim Securities's Mark Walker, @CumminsAndy & @benjamingedan discuss how Argentina ended up once again flirting with default.https://www.ustream.tv/channel/15915343 …
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Thank you. Insightful interventions (at least after I managed to find the link to the webcast). Cheers.
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