[PDF] Top 20 ← Return to Article Details External debt in developing economies: assessment and policy issues

... Or, in other words, what determines which countries do not borrow abroad in their own currency or even domestically for the long term? Among several possible determinants, one must consider the importance ... See full document

... associated to the natural resource boom itself and the (vulnerable) euphoric climate it may temporarily trigger (second ...section). In this regard, our paper is an extension of some traditional ... See full document

... concern in the seventies and eight- ies, many developed countries, unable to deliver strong monetary institutions, chose to peg their currencies to the ...crises in Mexico, Asia, ... See full document

... revenues and the hard-currency denomination of that government’s principal and interest payments on its foreign-currency denominated debt ...principal and interest payments unsustainable at ... See full document

... the debt is external, and needs to be serviced in foreign exchange by a developing ...of external debt squeezes import capacity, and carries in ... See full document

... The assessment of this period is highly contradictory, depending on the bench- marks and political/ideological acceptance of alternative development ...European economies have been highly successful ... See full document

... appropriate external strat- egy that shifts Brazil to the low interest rate equilibrium can strengthen the exchange rate and lower the burden of the foreign currency denominated ...expansion ... See full document

... scale and the protectionist argument meant to foster the increasing returns sec- tors is one of the favorite subjects of the “new trade ...Helpman and Paul Krugman (1985), Wilfred Ethier (1982), ... See full document

... monetary policy tool per excellence. Thinking of this to the brazilian economy, the problem is that this only (or mainly) one tool must face an inflation caused by two big pushers, namely supply side (cost) ... See full document

... has to be raised, within the arrangements that have to be carried out to implement this new legal framework, is whether or not the time has come for the Central Bank to introduce major changes ... See full document

... economic policy is concerned, the bottom line is economic growth and ...ourselves to be trapped into the situ- ation depicted by the medical report joke: “operation successful, patient ...1.5% ... See full document

... the external surplus depends on the central Bank’s decision to fix the exchange rate and the size of the intervention in the foreign exchange market vis-à-vis the practical limits of monetary ... See full document

... techniques and the ability to raise the opening rate are ...inequalities. And yet modernization is a “survival ...modernization and increasing inequalities might be eliminated by a tax ... See full document

... Contrariamente a seu colega Ronald Coase, que apenas ao fim do percurso teria tomado consciência da direção em que suas elucubrações o conduziam, em sua palestra no ciclo que deu origem ao livro Lives of the ... See full document

... síveis no fato de que sua mística leva de roldão intelectuais altamente sofisticados. Senão vejamos: “Meus dois lindos netos estão em Orlando, fazendo o aprendizado de meninos ricos. E eles são mui- to ricos. Seus ... See full document

... monetary policy is the four-fold credit ...capital and credit markets, and thereby affecting effective de- mand via investment and ...consumption. In the capital market, besides being ... See full document

... Uma contribuição com origem fora da tradição marxista, mas que, como a teoria da regulação, busca se situar num meio caminho entre causalidade estrutural e individualismo metodológico, é a apresentada pelos ... See full document

... development and underdevelopment are partial and interdependent structures making up the economy as a whole, with one (dynamic) structure dominating by virtue of its endogenous capacity of development; ... See full document

... link in the chain of this storyline is also stressed by thomas Fried- man, from a somewhat different ideological ...belief in the magic of markets and globalization is not without its limitations ... See full document

... Ireland and Japan, all part of the OECD but with similar character- istics, and development levels different from the first ...group. In both cases dynamic panel models were estimated, that is, the ... See full document