University Of Zambia Online Public Access Catalogue
International financial flows to Brazil since the late 1960s: an analysis of debt expansion and payments problems.
By: Batista, Paul Nogueira.
Material type:
BookPublisher: Washington : World Bank, 1987Subject(s): Economic Aid | Brazil -- Debt. -- Brazil -- DebtSummary: This paper provides a detailed sequential analysis of the development of debt-creating financial flows to Brazil since the late 1960s. It first draws the important distinction between net and gross debt accumulation. It then argues that it may be misleading to interpret the current account deficit as reflecting a net transfer of resources to a country or an excess of spending over income. It concludes with discussion of the rescheduling agreements between Brazil and its creditors.
World Bank Discussion Papers No. 7.
This paper provides a detailed sequential analysis of the development of debt-creating financial flows to Brazil since the late 1960s. It first draws the important distinction between net and gross debt accumulation. It then argues that it may be misleading to interpret the current account deficit as reflecting a net transfer of resources to a country or an excess of spending over income. It concludes with discussion of the rescheduling agreements between Brazil and its creditors.
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