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...
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| Format: | Article |
| Language: | English |
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Editora 34
2007-01-01
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| Series: | Brazilian Journal of Political Economy |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000100002 |
| _version_ | 1818993487405645824 |
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| author | Márcio Holland |
| author_facet | Márcio Holland |
| author_sort | Márcio Holland |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-20T20:42:50Z |
| format | Article |
| id | doaj.art-eefa443a037249ba81480babb8d6767f |
| institution | Directory Open Access Journal |
| issn | 0101-3157 1809-4538 |
| language | English |
| last_indexed | 2024-12-20T20:42:50Z |
| publishDate | 2007-01-01 |
| publisher | Editora 34 |
| record_format | Article |
| series | Brazilian Journal of Political Economy |
| spelling | doaj.art-eefa443a037249ba81480babb8d6767f2022-12-21T19:27:07ZengEditora 34Brazilian Journal of Political Economy0101-31571809-45382007-01-01271204010.1590/S0101-31572007000100002External debt in developing economies: assessment and policy issuesMárcio HollandMore 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.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000100002External DebtDeveloping CountriesOriginal SinDebt Sustainability Assessment |
| spellingShingle | Márcio Holland External debt in developing economies: assessment and policy issues Brazilian Journal of Political Economy External Debt Developing Countries Original Sin Debt Sustainability Assessment |
| title | External debt in developing economies: assessment and policy issues |
| title_full | External debt in developing economies: assessment and policy issues |
| title_fullStr | External debt in developing economies: assessment and policy issues |
| title_full_unstemmed | External debt in developing economies: assessment and policy issues |
| title_short | External debt in developing economies: assessment and policy issues |
| title_sort | external debt in developing economies assessment and policy issues |
| topic | External Debt Developing Countries Original Sin Debt Sustainability Assessment |
| url | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000100002 |
| work_keys_str_mv | AT marcioholland externaldebtindevelopingeconomiesassessmentandpolicyissues |