Now showing items 1-3 of 3

    • External debt in developing economies: assessment and policy issues 

      Holland, Márcio
      2007
      More than one decade after the external debt restructuring (the Brady Plan), a great amount of literature has been published concerning the balance sheet factors in developing countries. The staff of international multilateral ...
    • The second Washington consensus and Latin America's quasi-stagnation 

      Bresser-Pereira, Luiz Carlos; Varela, Carmen Augusta
      2004
      It took more than ten years for Latin America to overcome the debt crisis, which turned into a fiscal crisis of the state. Yet in the early 1990s, most of Latin America had undergone deep reforms (particularly trade ...
    • Sovereign default: which shocks matter? 

      Guimarães, Bernardo
      2011-10
      This paper analyses a small open economy that wants to borrow from abroad, cannot commit to repay debt but faces costs if it decides to default. The model generates analytical expressions for the impact of shocks on the ...