| Revista: | Revista de economia politica |
| Base de datos: | CLASE |
| Número de sistema: | 000280346 |
| ISSN: | 0101-3157 |
| Autors: | Almeida, Rodrigo Octávio Marques de |
| Any: | 2005 |
| Període: | Oct-Dic |
| Volum: | 25 |
| Número: | 4 |
| Paginació: | 454-475 |
| País: | Brasil |
| Idioma: | Portugués |
| Tipo de documento: | Artículo |
| Enfoque: | Analítico |
| Resumen en inglés | Renegotiation of the public debt in conditions of excessive debt. This paper studies the debt overhang models and maturity management models, and analyses both theoretically and historically the debt renegotiations which the final outcome is a lower public debt burden. From the theoretical view the renegotiation plans can be Pareto improving, both creditors and debtors can be better-off, and the value of the new debt will price the new reputation and debtors' willingness to pay. From the historical point of view, funded debts were the instrument that debtors used to improve reputation |
| Disciplines | Economía |
| Paraules clau: | Teorías económicas, Deuda pública, Renegociación de la deuda, Política monetaria |
| Text complet: | Texto completo (Ver HTML) |
