A Brazilian-Type Debt Crisis: Simple AnalyticsAssaf Razin, Efraim Sadka
NBER Working Paper No. 9606 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.
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:
|

Contact Us