Latin American Debt: I Don't Think We Are in Kansas Anymore

Diaz-Alejandro, Carlos F.
December 1984
Brookings Papers on Economic Activity;1984, Issue 2, p335
Academic Journal
The article presents an analysis of the depression of the early 1980s in Latin America. It is argued that the depression could be managed into a recession if there had not been the breakdown of international financial markets and a change in the rules for international lending. Comparing the depression of the early 1980s with that of the 1930s, it is presented that the adjustment policies adopted by the government of Latin American countries in 1982 helped in controlling the deteriorating condition. These governments continued servicing of the public and private external debt.


Related Articles

  • Vietnam report: Vietnam needs action not words. Walker, Rupert // FinanceAsia;Mar2013, p1 

    The article offer information related to the condition of financial sector of Vietnam. It mentions that a stimulus package was released by the government of Vietnam in response to the economic recession in the late 2000 for flooding banks and state-owned enterprises (SOEs). It also discusses the...

  • Jamaica: Oil Deal Sealed…With Strings Attached.  // Emerging Markets Monitor;8/28/2006, Vol. 12 Issue 20, p16 

    This article explains that the Jamaican government has secured a loan arrangement with Venezuela to the tune of U.S.$273.39 million. The loan is repayable over 20 years at an interest rate of 7.5%. Venezuelan's investment in the country is on the increase. Petroleos de Venezuela has also forged...

  • Brazil: The Death Of Foreign Issuance?  // Emerging Markets Monitor;8/28/2006, Vol. 12 Issue 20, p16 

    This article explains that the treasury of Brazil is starting to lay out its debt issuance plans for the next few years. All indications suggest that the country's overseas profile will continue to improve. Recently, the country has announced that it will make a foreign currency bond sales to...

  • ECONOMY.  // Background Notes on Countries of the World: Republic of Mozambiq;Feb2008, p5 

    The article offers information on the economy of the Republic of Mozambique. Mozambique ranked among the poorest countries in the world at the end of the civil war in 1992. However, in the last decade, the country has experienced a notable economic recovery. With high foreign debt and a good...

  • Official Creditor Seniority and Burden-Sharing in the Former Soviet Bloc. Bulow, Jeremy; Rogoff, Kenneth; Bevilaqua, Afonso S.; Collins, Susan; Bruno, Michael // Brookings Papers on Economic Activity;1992, Issue 1, p195 

    This article focuses on the assistance provided by international financial institutions (IFIs) to the former communist countries in the Eastern Europe and the former republics of the Soviet Union. The collapse of the Soviet Empire has created an unprecedented opportunity for political and...

  • Debt Crisis. Prodanov, V. // Value Inquiry Book Series;2014, Vol. 276, p122 

    The article presents a definition of the term "debt crisis." It refers to the rapid raising of the debt dependence of peripheral and semi-peripheral states of the world system on the capitalist center since the second half of the 1970s. Topics discussed include the international control over the...

  • Paris Club Buyback On The Cards.  // Latin America Monitor: Andean Group Monitor;Mar2005, Vol. 22 Issue 3, p1 

    This article reports that the Peruvian government is hoping to improve its debt profile through the prepayment of Paris Club liabilities. The government has made little secret of its intention to restructure its Paris Club obligations, which account for around a third of Peru's external debt...

  • Sovereign Debt, Government Myopia, and the Financial Sector. Acharya, Viral V.; Rajan, Raghuram G. // Review of Financial Studies;Jun2013, Vol. 26 Issue 6, p1526 

    What determines the sustainability of sovereign debt? We develop a model where myopic governments seek popularity but can nevertheless commit credibly to service external debt. They do not default when debt is low because they would lose access to debt markets and be forced to reduce spending;...

  • Highest foreign debt.  // Geographical (Geographical Magazine Ltd.);Jul2006, Vol. 78 Issue 7, p7 

    The article lists the top 10 countries with the highest foreign debt. The countries include Brazil, China, Indonesia and India. The list did not include developed countries.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics