Deal with unsustainable sovereign debt

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Why do some believe that the world needs a global bankruptcy court to deal with unsustainable sovereign debt? Why does Jeffrey Frankel argue that “it takes more than two to tango” with respect to the 2014 events concerning Argentina’s default 13 years ago? Explain sovereign debt restructuring and how US courts have made the problem of restructuring more difficult

Reference no: EM131101374

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