Debt Restructuring, Emerging Markets and the International Financial Order

Two thought-provoking pieces on Argentina's battle with hedge funds:

http://yaleglobal.yale.edu/content/argentina-default-flashes-warning-emerging-markets

http://www.project-syndicate.org/print/barry-eichengreen-argues-that-in-international-capital-markets--the-perfect-is-the-enemy-of-the-good