Gregory Makoff

In this discussion, Gregory Makoff, an expert in sovereign debt law, unveils the gripping saga of Argentina's $100 billion debt crisis. He delves into the complexities of international financial systems and the unique challenges nations face when defaulting. The podcast highlights the intense legal battles with holdout creditors and the critical role of the IMF in restructuring efforts. Makoff also discusses the political and economic chaos that followed the default, showcasing the dramatic interplay between courts, governments, and global finance.

Gregory Makoff, a physicist turned banker and Harvard Kennedy School fellow, dives into the gripping saga of Argentina's $100 billion debt crisis. He unpacks the complexities of sovereign debt without international bankruptcy laws, shedding light on the lengthy U.S. court battles that challenged traditional creditor rights. The discussion highlights aggressive tactics used by hedge funds, the intricate dynamics within judicial decisions, and the evolving role of the IMF in global finance, revealing how these factors reshape sovereign debt law.