Brazilian Experience with External Debt and Prospects for Growth

Fernando Holanda Barbosa and Manuel Sanchez Cal

Chapter 30 in Economic Development and World Debt, 1989, pp 397-412 from Palgrave Macmillan

Abstract: Abstract The developing country’s negotiations of its external debt with creditor countries, and in particular with the international banking system, have been conducted within a context in which several devices have been utilised in order (i) to reschedule the cash flow of the debt service and (ii) to reduce the actual value of the debt. These negotiations have paid much more attention to the cash-flow problem than to the actual value of the debt.

Keywords: Monetary Policy; Commercial Bank; External Shock; External Debt; International Reserve (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-20044-3_30

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DOI: 10.1007/978-1-349-20044-3_30

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