External debt sustainability: empirical evidence in Brazil

Frederico Gonzaga Jayme Junior ()
Authors registered in the RePEc Author Service: Frederico Jayme ()

Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: 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.

Keywords: debt sustainability; Brazil; external debt (search for similar items in EconPapers)
Date: 2001-06
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