Walking on a fence: Brazil’s public-sector debt
AbstractBrazil is walking on a fence between sustainable and unsustainable public-debt dynamics. How it treads could affect not only its own economic prosperity but that of its neighbors, emerging markets in general, and U.S. financial institutions in particular. Relatively small improvements in Brazilian economic conditions and a continuation of that country’s recent fiscal improvements could push Brazil in the right direction, particularly if the dollar continues to depreciate.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Cleveland in its journal Policy Discussion Papers.
Volume (Year): (2004)
Issue (Month): Feb ()
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- Morris Goldstein, 2003. "Debt Sustainability, Brazil, and the IMF," Working Paper Series WP03-1, Peterson Institute for International Economics.
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