A Brazilian-Type Debt Crisis: Simple Analytics / Assaf Razin, Efraim Sadka.

By:

Razin, Assaf

Contributor(s):

Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w9606.Publication details: Cambridge, Mass. National Bureau of Economic Research 2003.Description: 1 online resource: illustrations (black and white)Subject(s):

F3 - International Finance

Online resources:

Available additional physical forms:

Hardcopy version available to institutional subscribers

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) 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.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w9606 (Browse shelf(Opens below))	Not For Loan

Total holds: 0

Collection: Colección NBER Close shelf browser (Hides shelf browser)

Previous	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	Next
Previous	nber w9603 In-State versus Out-of State Students: The Divergence of Interest between Public Universities and State Governments /	nber w9604 Frictionless Technology Diffusion: The Case of Tractors /	nber w9605 Expected Returns and Expected Dividend Growth /	nber w9606 A Brazilian-Type Debt Crisis: Simple Analytics /	nber w9607 The Evolution of High Incomes in Canada, 1920-2000 /	nber w9608 The New Comparative Economics /	nber w9609 The Effects of War Risk on U.S. Financial Markets /	Next

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.