Argentina vs. the Hedge Funds: The 2014 Argentinian Bond Default

Argentinian Bond Default

Paul Singer and President Kirshner

By Andreas Kanaris Miyashiro

On July 31st 2014, Argentina automatically defaulted on $29 billion of debt following a lengthy court case in which hedge fund bondholders sued the Argentinian government. The President of Argentina at the time, Cristina Fernandez de Kirchner, argued bondholders involved in the lawsuit were predatory and exploitative. The plaintiff hedge funds argued they only aimed to uphold the ‘rule of law’. Which party was to blame for the Argentinian bond default?

Causes of the 2014

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Crash Interventions: Shanghai Stock Market Case

shanghai stock market

By Harley Comrie

On the 2nd of July 2015 in the middle of a crowded Shanghai shopping mall a woman jumped to her death. Her public suicide was reported by bloggers as a human consequence of the Shanghai stock market crash three weeks earlier. Photos of her fate were circulated through WeChat, a popular Chinese social media app. Days earlier in Shenyang another suicide had occurred under similar circumstances. Foreign media reported it too was motivated

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Case Study: Banca Monte dei Paschi di Siena

 

Banca monte dei paschi

By: Nicola Bilotta

Between the beautiful hills of Tuscany stands Siena. Siena is a magical medieval city, which attracts tourists for its history and its monuments. But Siena hides many secrets. The destiny of the city has always been bound to Banca Monte dei Paschi di Siena (MPS) which is currently facing a significant crisis and is close to bankruptcy. The future of MPS is unclear, and plans for private recapitalization have failed. In December 2016, the Italian government approved a public fund of 20 billion euros to infuse

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International Investment Management: Theory, Ethics and Practice

International Investment Management book cover imageRead the new and original book lead authored by Seven Pillars Institute’s President, Dr. Kara Tan Bhala. The book uniquely synthesizes three theories of finance and gives a lucid explanation of ethics and its real world application in investment management.

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Moral Cents

Financial EthicsMoral Cents is The Journal of Ethics in Finance, produced on a regular basis by the Seven Pillars Institute for Global Finance and Ethics. See the latest issues and read them in full.

Seven Pillars Institute for Global Finance and Ethics (SPI) and the Centre for Commercial Law Studies (CCLS) at Queen Mary University of London have a collaborative affiliation in their work on ethics, law, and regulation in finance. The goal of the collaboration is to foster a dialogue on important ethical policy issues affecting the financial services industry.

Read the Collaboration Announcement