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External debt sustainability: empirical evidence in Brazil

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Author Info
Frederico Gonzaga Jayme Junior ()

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Abstract

The purpose of this paper is to investigate the sustainability of the external debt in Brazil, or, in other words, to analyze if Brazilian economy in consideration of its external debt repayments keeps solvent. Tests show that, for different periods and using different models and variables, external debt and current account deficits are not sustainable in the long run, confirming other studies that tested sustainability of the current account and external debt in Brazil.

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Publisher Info
Paper provided by Cedeplar, Universidade Federal de Minas Gerais in its series Textos para Discussão Cedeplar-UFMG with number td154.

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Length: 37 pages
Date of creation: Jun 2001
Date of revision:
Handle: RePEc:cdp:texdis:td154

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Postal: Cedeplar-FACE-UFMG Av. Antonio Carlos, 6627 Belo Horizonte, MG 31270-901 Brazil

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Related research
Keywords: debt sustainability; Brazil; external debt;

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