Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

Capital Swap à la Russe for Argentina

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Thursday, June 6, 2002

Capital swaps are a general proposal that can be applied to reform bankrupt financial institutions in most countries. Our proposal for Russia was, really, a general concept that we developed for Russia's particular circumstances. We are gratified to find that this general concept has found applicability in such other countries as Argentina.