A Brazilian-Type Debt Crisis: Simple Analytics /
Razin, Assaf.
A Brazilian-Type Debt Crisis: Simple Analytics / Assaf Razin, Efraim Sadka. - Cambridge, Mass. National Bureau of Economic Research 2003. - 1 online resource: illustrations (black and white); - NBER working paper series no. w9606 . - Working Paper Series (National Bureau of Economic Research) no. w9606. .
April 2003.
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.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
A Brazilian-Type Debt Crisis: Simple Analytics / Assaf Razin, Efraim Sadka. - Cambridge, Mass. National Bureau of Economic Research 2003. - 1 online resource: illustrations (black and white); - NBER working paper series no. w9606 . - Working Paper Series (National Bureau of Economic Research) no. w9606. .
April 2003.
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.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.