A Brazilian Debt-Crisis Model
AbstractWe develop a model that captures important features of debt crises of the Brazilian type. Its applicability to Brazil lies in the fact that (1) in Brazil the macro fundamentals were sound (e.g., a primary surplus, a relatively low debt/GDP ratio, etc.); and (2) in the Brazilian case the trigger appears to be the forthcoming elections, with an expected regime change.
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Date of creation: Sep 2002
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Other versions of this item:
- Razin, Assaf & Sadka, Efraim, 2002. "A Brazilian Debt-Crisis Model," CEPR Discussion Papers, C.E.P.R. Discussion Papers 3541, C.E.P.R. Discussion Papers.
- F1 - International Economics - - Trade
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-09-28 (All new papers)
- NEP-LAM-2002-09-21 (Central & South America)
- NEP-RMG-2002-09-28 (Risk Management)
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