Sub-Saharan African countries as a group showed a considerable reduction in public and external indebtedness in the early 2000s as a result of debt relief programs, higher economic growth and improved fiscal management ...

The research had as objective to analyze how the Brazilian public debt has evolved and how it was structured in the post Real Plan. Theories about debt and the thinking of some of the main schools of economic thought on ...

The research aimed to analyze the evolution and structure of the Brazilian Public Debt in the post Real Plan. The methodology can be classified as descriptive, about the procedures, the research is bibliographic, the ...

The goal of this paper is to identify the determinants of the risk premium on Brazilian government debt. As the risk premium is a component of the interest rate set by the Brazilian central bank, its reduction would make ...

In light of the high debt burden impacting Caribbean economies ECLAC has been pursuing an initiative designed to reduce the debt burden and advance sustainable development. The strategy has evolved over time and there is ...

This document analyses the origins and consequences of debt accumulation in the Caribbean. The focus is placed on Caribbean Community (CARICOM) economies. The document also examines current strategies for the reduction of debt

This paper analyses a small open economy that wants to borrow from abroad, cannot commit to repay debt but faces costs if it decides to default. The model generates analytical expressions for the impact of shocks on the ...

In this paper we propose a dynamic stochastic general equilibrium model to evaluate financial adjustments that some emerging market economies went through to overcome external crises during the latest decades, such as ...

Indebted policymakers have a limited budget and are subject to inflationary shocks forcing them to either (i) increase interest rate to have inflation on the pre-announced target or (ii) accept higher inflation. We model ...