dc.contributorUniversidade Estadual Paulista (Unesp)
dc.date.accessioned2014-05-20T15:11:51Z
dc.date.accessioned2022-10-05T15:37:59Z
dc.date.available2014-05-20T15:11:51Z
dc.date.available2022-10-05T15:37:59Z
dc.date.created2014-05-20T15:11:51Z
dc.date.issued2005-09-01
dc.identifierRevista de Economia Política. Editora 34, v. 25, n. 3, p. 209-223, 2005.
dc.identifier0101-3157
dc.identifierhttp://hdl.handle.net/11449/28177
dc.identifier10.1590/S0101-31572005000300003
dc.identifierS0101-31572005000300003
dc.identifierS0101-31572005000300003.pdf
dc.identifier5827914674661969
dc.identifier.urihttp://repositorioslatinoamericanos.uchile.cl/handle/2250/3901080
dc.description.abstractThe 1980s' debt crisis is a landmark in developing economies' growth and stabilization. According to the most quoted empirical articles, external shocks and vicissitudes gave rise to crisis just because of delays in stabilization policies, engendered by internal conflicts and institutional immaturity. I review some of these papers, and find out some problems - in the measurement of shocks and foreign indebtedness, namely - whose corrections lead to opposite results: external shocks and foreign indebtedness explain that crisis regardless of domestic policies. At the same time, the strong correlation of income distribution to terms of trade changes and foreign indebtedness suggest that inequality may have contributed differently to that crisis: either through an economic channel, or through a political channel based on delays in reforms.
dc.languageeng
dc.publisherEditora 34
dc.relationRevista de Economia Política
dc.relation0,282
dc.rightsAcesso aberto
dc.sourceSciELO
dc.subjectExternal Shocks
dc.subjectIndebtedness
dc.subjectDebt Crisis
dc.subjectStabilization Policies
dc.subjectTrade Protection
dc.subjectPolitical Economy
dc.titleThe debt crisis: a re-appraisal
dc.typeArtigo


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