Argentina submitted its fourth sovereign debt restructuring proposal under foreign law. This time it smells like a goal, but the ball still has to hit the net. Not only has it improved the financial...
Lebacs versus Letes, el juego de las diferencias
Lebacs vs. Letes, a “spot the difference” game
Months go by and there is still confusion in this profession regarding the macroeconomic and financial implications of the debt issued by different entities. We will draw a parallel between Lebacs and Letes to shed some light on this matter.