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You are here: Volume 38 (Spring 2013)

In 1986, when the then-dictator of Haiti, Jean-Claude Duvalier, finally fled,  I suggested that the international community needed to learn the important lesson that great violence may occur when a tyrant resists pressure to leave office. “What happens when a dictator finds it hard to leave,” I wrote, “because he…
In 2001, Argentina defaulted on more than ninety-five billion dollars in external debt.  At the time, this constituted the largest sovereign default in history.  Argentina initiated two restructurings in 2005 and 2010, allowing holders of defaulted bonds to exchange their bonds for new debt at a rate of twenty-five to…