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La sostenibilidad de la deuda externa en econom as emergentes

Author

Listed:
  • Jorge Bl zquez-Lidoy

    (Servicio de Estudios BBVA)

  • Luciana Taft

    (Servicio de Estudios BBVA)

Abstract

En este trabajo se desarrolla un indicador de sostenibilidad de la deuda externa y se aplica a un conjunto amplio de pa ses emergentes. Los resultados del modelo te rico indican que el tipo de cambio real juega un papel fundamental para garantizar la sostenibilidad de la deuda. Cuando se aplica el modelo a las econom as emergentes se distinguen tres tipos de pa ses: los que no tienen problemas de sostenibilidad. Los pa ses que presentan problemas potenciales de sostenibilidad, pero que pueden ser solventados con un ajuste del tipo de cambio real. Y finalmente, pa ses cuya deuda es insostenible.

Suggested Citation

  • Jorge Bl zquez-Lidoy & Luciana Taft, 2003. "La sostenibilidad de la deuda externa en econom as emergentes," Hacienda Pública Española / Review of Public Economics, IEF, vol. 167(4), pages 157-183, December.
    • Handle: RePEc:hpe:journl:y:2003:v:167:i:4:p:157-183
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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