External debt in developing economies: assessment and policy issues
AUTOR(ES)
Holland, Márcio
FONTE
Brazilian Journal of Political Economy
DATA DE PUBLICAÇÃO
2007
RESUMO
More than one decade after the external debt restructuring (the Brady Plan), a great amount of literature has been published concerning the balance sheet factors in developing countries. The staff of international multilateral institutions joined with reputable academics in this great controversy. The external debt problem of the developing countries is back and once more reflections on its cause and on policy recommendations are analytically distinct. Our main task is to reflect on the recent external debt dynamics and assess how this debt has evolved. Our findings indicate that the susceptibility of some developing countries to default is associated with global imbalance, that is, the way they borrow.
Documentos Relacionados
- Global shocks in emerging economies: An empirical investigation
- Performance effects of stakeholder interaction in emerging economies: evidence from Brazil
- Exchange rate pass-through inflation and wage differentials in late-industrializing economies: the Mexican case
- Endogenous debt constraints in collateralized economies with default penalties
- The Open Innovation Journey in Emerging Economies: An Analysis of the Brazilian Aerospace Industry