@techreport{NBERw9211,
 title = "A Brazilian Debt-Crisis Model",
 author = "Assaf Razin and Efraim Sadka",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "9211",
 year = "2002",
 month = "September",
 URL = "http://www.nber.org/papers/w9211",
 abstract = {We develop a model that captures important features of debt crises of the Brazilian type. Its applicability to Brazil lies in the fact that (1) in Brazil the macro fundamentals were sound (e.g., a primary surplus, a relatively low debt/GDP ratio, etc.); and (2) in the Brazilian case the trigger appears to be the forthcoming elections, with an expected regime change.},
}