Other Sovereigns Unlikely to Follow Ecuador

Dec 16, 2008

Despite concerns that an Ecuador default sets a dangerous precedent for other sovereigns whose willingness rather that ability to pay is in question, analysts do not expect others to follow. “Investors will remain largely unconcerned about default risk in Brazil, Chile, Colombia, Mexico and Peru. Investors will likely continue to worry about...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management