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External debt sustainability: empirical evidence in Brazil

  • Frederico Gonzaga Jayme Junior


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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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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