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Interest rates, growth and external debt: the macroeconomic impact of Mexicos Brady deal.

By: claessens, Stijn; Oks, Daniel; Wijnbergen, Sweder Van.
Material type: materialTypeLabelBookPublisher: Washington : World Bank, 1993Subject(s): Economic policy | Mexico -- Interest rate -- Economic growth -- Debt. -- Mexico -- Interest rate -- Economic growth -- Debt. -- Mexico -- Interest rate -- Economic growth -- Debt. -- Mexico -- Interest rate -- Economic growth -- DebtSummary: This paper asseses the impact of the Brady deal through the channel of increased smoothness of debt service and exploiting contrasts with the debt overhang hypothesis.
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