Will the Latin American Countries ever Pay their Debt?

John Baffes and Robert G. Chambers

No 270991, 1990 Annual meeting, August 5-8, Vancouver, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The 1980s have been characterized by major borrowing levels of the Latin American countries. A common question asked by the creditors is whether these countries will be able to pay their debt back. This paper gives an answer to this question by utilizing the theory of cointegration. The results show that some of the countries have indeed violated their borrowing limits and thus the probability of paying the debt becomes small.

Keywords: Agricultural and Food Policy; Financial Economics (search for similar items in EconPapers)
Pages: 15
Date: 1990-08-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea90:270991

DOI: 10.22004/ag.econ.270991

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