External debt in developing economies: assessment and policy issues

More than one decade after the external debt restructuring (the Brady Plan), a great amount of literature has been published concerning the balance sheet factors in developing countries. The staff of international multilateral institutions joined with reputable academics in this great controversy. T...

Full description

Saved in:
Bibliographic Details
Published in:Brazilian Journal of Political Economy 2007, Vol.27 (1), p.20-40
Main Author: Holland, Márcio
Format: Article
Language:English
Subjects:
Debt Sustainability Assessment
Developing Countries
Developing countries - Economic policy
Economic stabilization - Developing countries
ECONOMICS
External Debt
External debts - Developing countries
Original Sin
POLITICAL SCIENCE
Public debts - Developing countries
Citations: Items that this one cites
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:More than one decade after the external debt restructuring (the Brady Plan), a great amount of literature has been published concerning the balance sheet factors in developing countries. The staff of international multilateral institutions joined with reputable academics in this great controversy. The external debt problem of the developing countries is back and once more reflections on its cause and on policy recommendations are analytically distinct. Our main task is to reflect on the recent external debt dynamics and assess how this debt has evolved. Our findings indicate that the susceptibility of some developing countries to default is associated with global imbalance, that is, the way they borrow. Tables, Figures, References. Adapted from the source document.
ISSN:0101-3157
1809-4538
0101-3157
1809-4538
DOI:10.1590/S0101-31572007000100002