League Table: Top Sovereign Default Repeat Offenders

Given news that Ecuador has willfully defaulted on some 2012 bonds — it could have made the payment, but it chose not to — it’s worth scanning the league tables of  top sovereign default repeat offenders.

As you can see, with this bold move Ecuador has vaulted from a tie for third place with Venezuela to a solo hold on second place. This is going to get interesting. Over to you, Hugo.

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Source: Serial Default and the “Paradox” of Rich-to-Poor Capital Flows (2004), C. Reinhart and K. Rogoff

Related posts:

  1. Top Sovereign Credit Ratings League Table
  2. Figuring Out the Impact of Default Likelihood on Default
  3. Figuring Out the Impact of Default Likelihood on Default
  4. The Private Equity Default Party in Q1 09
  5. The U.S. Treasury Default Risk Meme