response of a debtor country to the debt crisis. The model is calibrated to resemble the economies of Argentina and Mexico under two world capital market
In the absence of a fair debt workout mechanism the cost of the debt crises in the 1980s was primarily ab- sorbed by debtor countries
Argentina. 1980s debt crisis. 300-350. 11. Citibank (US). Bank of America Citibank
In 1980 the public sector accounted for approximately half of the external debt. By 1985
https://www.imf.org/external/np/pdr/lessons/100803.pdf
Venezuela and Argentina—owed various commercial banks $176 billion
https://www.jstor.org/stable/2633823
(Matera) and ESHET Argentina meetings. 1 For a recent analysis of the 1980s Latin American debt crisis and a comparison with the euro area debt.
11 mars 2006 Chile and 1976 in Argentina) their failure and reversal in the 1980s in the wake of the debt crisis