NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

A Brazilian-Type Debt Crisis: Simple Analytics

Assaf Razin, Efraim Sadka

NBER Working Paper No. 9606
Issued in April 2003
NBER Program(s):   IFM

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) macro fundamentals were sound in the wake of the crisis (e .g., a non-negligible primary surplus, a relatively low debt/GDP ratio, low inflation, etc.); and (2) the trigger for the crisis appears to be the forthcoming elections, with an expected regime change.

download in pdf format
   (163 K)

email paper

This paper is available as PDF (163 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w9606

Published: Assaf Razin & Efraim Sadka, 2004. "A Brazilian-Type Debt Crisis," IMF Staff Papers, Palgrave Macmillan Journals, vol. 51(1), pages 7.

Users who downloaded this paper also downloaded these:
Razin and Sadka w9211 A Brazilian Debt-Crisis Model
Razin and Sadka w9160 A Brazilian Debt-Crisis
Reinhart and Rogoff w15795 From Financial Crash to Debt Crisis
Blanchard w10389 Fiscal Dominance and Inflation Targeting: Lessons from Brazil
Krishnamurthy w15542 How Debt Markets have Malfunctioned in the Crisis
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us