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Volatilidad, deuda externa y riesgo fiscal: simulación de los efectos de las sacudidas sobre el ajuste fiscal de 13 países latinoamericanos

Kenneth Kletzer

No 4093, Research Department Publications from Inter-American Development Bank, Research Department

Abstract: (Disponible en idioma inglés únicamente) En este trabajo se analiza de qué manera la combinación de endeudamiento y sacudidas exógenas inducen la inestabilidad de los países latinoamericanos. Se presenta una técnica para simular los efectos de las sacudidas en los costos del endeudamiento externo y la respuesta de las políticas fiscales en el ajuste a dichas sacudidas, y la misma se aplica a 13 países latinoamericanos endeudados.

Date: 1997-10
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