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Walking on a fence: Brazil’s public-sector debt

Author

Listed:
  • Patrick C. Higgins
  • Owen F. Humpage

Abstract

Brazil 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.

Suggested Citation

  • Patrick C. Higgins & Owen F. Humpage, 2004. "Walking on a fence: Brazil’s public-sector debt," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Feb.
  • Handle: RePEc:fip:fedcpd:y:2004:i:feb:n:6
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    References listed on IDEAS

    as
    1. Morris Goldstein, 2003. "Debt Sustainability, Brazil, and the IMF," Working Paper Series WP03-1, Peterson Institute for International Economics.
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