Brazilian external debt in francs, 1888-1956

Marcelo de Paiva Abreu ()

Brazilian Journal of Political Economy, 1994, vol. 14, issue 4, 609-622

Abstract: Although the share of the debt in French francs in total Brazilian debt was ofonly 6% in 1930, the analysis is of interest due to the marked concentration of inflows justbefore World War I, to the concentration of indebtedness in high risk loans to states and municipalitiesand to the fact that France was the only creditor country to return to gold witha broken parity. The process of Brazilian progressive indebtedness in francs is described andthe performance of loans in different currencies is evaluated in relation to alternatives suchas the purchase of government bonds. JEL Classification: N26; F34.

Keywords: Economic history of Brazil; external debt; international lending (search for similar items in EconPapers)
Date: 1994
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