★ ★ ★ ★ ★

The True Story of the Most
Contentious Debt Default in History

Makoff has produced that rarest of beasts — a book that’s both deeply reported and enjoyable to read.
— Felix Salmon, Axios Markets

The Author:

Gregory Makoff

Gregory Makoff is a physicist by training and worked as a banker for twenty-one years. During his career he advised companies, financial institutions, and countries, including Jamaica, Colombia, the Philippines, and Turkey, and worked as a senior policy adviser at the U.S. Treasury.

Currently Gregory is a senior fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School and is a non-resident senior fellow at the Centre for International Governance Innovation, a think tank based in Waterloo, Ontario.

He holds a PhD in physics from the University of Chicago (1993) and a BSc in physics and political science from MIT (1986) and is a member of the CFA Institute.

Default is his first book.

Other of his writings may be found at www.cigionline.org/people/gregory-makoff

Default tells the riveting story of Argentina's unparalleled sovereign debt litigation, which ran from its December 2001 default on $100 billion in bonds to the 2016 settlement of the hundreds of cases.

Review Highlights

Courtroom dramas are inherently compelling, especially when they involve a fractious group of hedge funds and bond investors facing off against the imperious president of a sovereign nation
— Felix Salmon, Axios
Default is a powerful, exciting and instructive book...The 2001 default in Argentina...is now being brought to the forefront for the general public by Makoff’s book.
— José Ignacio Hernández, Harvard’s ReVista
Superb account of the saga
— David Skeel, The Wall Street Journal
Greg Makoff’s book is a fair and comprehensive look at what became the trial of the century for sovereign debt
— Robin Wigglesworth, The Financial Times
Makoff tells the painful but illuminating story of Argentina’s 2001 sovereign debt default and the decades of litigation...
— Barry Eichengreen, Foreign Affairs

Live Interviews

Diving into the legal technicalities of the Argentina bond cases with law professors Mark Weidemaier and Mitu Gulati

Reviewing the three main parts of the book with former U.S. Treasury official Mark Sobel

Discussing sovereign debt law with former State Department Lawyer Mark B. Feldman, an author of the Foreign Sovereign Immunities Act (1976)

Telling the story of the Argentina litigation in conversation with Russell Napier, fund manager and the Keeper of the Library of Mistakes

Discussing Argentina’s financial and political history from its 2001 default to the rise of Javier Milei with Jorgelina do Rosario, Anahí Wiedenbrüg, and Juan Carluccio at the Debtcon7 conference in Paris

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Compra en Español
al finale de este año