Diversification Among Currencies in the Contracting of External Financing and the Effective Debt Burden

Alvaro Donoso

Chapter 3 in World Trade: Monetary Order and Latin America, 1990, pp 60-77 from Palgrave Macmillan

Abstract: Abstract The countries of Latin America increased their indebtedness at a rapid pace in the 1970s and up to 1981. In 1982 the debt crisis broke and they began seeking to reduce the rate of growth of their external debts by concentrating on developing trade balance surpluses generated at high cost in terms of production and employment in the countries concerned.

Keywords: Exchange Rate; Price Index; Real Interest Rate; Tradable Good; External Debt (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08812-6_4

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DOI: 10.1007/978-1-349-08812-6_4

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