Introduction 1. Informal contractual supports in weak institutional environments 2. An overview of the Argentine privatizations 3. The fragility of nonlocal contracts prior to the crisis 4. Smoother sailing for all investors in less competitive provinces 5. Home court advantages magnify after the crisis 6. Diverse local holdings also prevail in calm political contexts 7. Explaining contractual resilience in low- and middle-income countries 8. Conclusion.
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