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The debt crisis: a re-appraisal

dc.contributor.authorCinquetti, Carlos Alberto [UNESP]
dc.contributor.institutionUniversidade Estadual Paulista (Unesp)
dc.date.accessioned2014-05-20T15:11:51Z
dc.date.available2014-05-20T15:11:51Z
dc.date.issued2005-09-01
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.en
dc.description.affiliationUniversidade Estadual Paulista Departamento de Economia
dc.description.affiliationUnespUniversidade Estadual Paulista Departamento de Economia
dc.format.extent209-223
dc.identifierhttp://dx.doi.org/10.1590/S0101-31572005000300003
dc.identifier.citationRevista de Economia Política. Editora 34, v. 25, n. 3, p. 209-223, 2005.
dc.identifier.doi10.1590/S0101-31572005000300003
dc.identifier.fileS0101-31572005000300003.pdf
dc.identifier.issn0101-3157
dc.identifier.lattes5827914674661969
dc.identifier.scieloS0101-31572005000300003
dc.identifier.urihttp://hdl.handle.net/11449/28177
dc.language.isoeng
dc.publisherEditora 34
dc.relation.ispartofRevista de Economia Política
dc.relation.ispartofsjr0,282
dc.rights.accessRightsAcesso aberto
dc.sourceSciELO
dc.subjectExternal Shocksen
dc.subjectIndebtednessen
dc.subjectDebt Crisisen
dc.subjectStabilization Policiesen
dc.subjectTrade Protectionen
dc.subjectPolitical Economyen
dc.titleThe debt crisis: a re-appraisalen
dc.typeArtigo
unesp.author.lattes5827914674661969
unesp.author.orcid0000-0003-2748-1556[1]
unesp.campusUniversidade Estadual Paulista (Unesp), Faculdade de Ciências e Letras, Araraquarapt
unesp.departmentEconomia - FCLARpt

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