A Brazilian Debt-Crisis Model

Assaf Razin and Efraim Sadka

No 9211, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We develop a model that captures important features of debt crises of the Brazilian type. Its applicability to Brazil lies in the fact that (1) in Brazil the macro fundamentals were sound (e.g., a primary surplus, a relatively low debt/GDP ratio, etc.); and (2) in the Brazilian case the trigger appears to be the forthcoming elections, with an expected regime change.

JEL-codes: F1 (search for similar items in EconPapers)
Date: 2002-09
New Economics Papers: this item is included in nep-lam and nep-rmg
Note: IFM
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Citations: View citations in EconPapers (3)

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Working Paper: A Brazilian Debt-Crisis Model (2002)
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