The Fallout from Argentina’s Default

Last week Argentina defaulted on its debt for the second time in the last decade and a half. That’s not good news for investors who own international bonds, and headlines such as “Argentina’s default could hurt the world” and “Not just Argentina: 11 countries near bankruptcy” suggest that the Argentina’s travails could have a ripple effect around the globe. Despite the ominous headlines, however, the fallout is likely to be minimal.

Topics: Blog Argentina Bonds