Debito estero e fragilità finanziaria nell’ottica dei paesi emergenti

Mario Tonveronachi ()
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Mario Tonveronachi: Università degli Studi di Siena, Dipartimento di Economia Politica, Siena

Moneta e Credito, 2006, vol. 59, issue 233, 45-72

Abstract: In the wake of the minskian setting of financial fragility and its subsequent developments offered by Kregel, the paper addresses some basic aspects of the dynamics and management of external debt from the perspective of developing countries. In order to define the external fragility of a country reformulate the definition of Minsky of hedged positions, speculative, and Ponzi. The analysis of how, asymmetries in the external financial fragility, may affect the overall fragility leads to discuss the limits of the opening international financial. Finally, the distinction between internal and external financial fragility makes it possible to analyze how the dynamic interaction between economic units, including the government and its policies, can influence the distribution and the level of both types of fragility.

Keywords: Kregel; Minksy; fragilità finanziaria; debito estero; paesi emergenti (search for similar items in EconPapers)
JEL-codes: E44 F34 F4 (search for similar items in EconPapers)
Date: 2006
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