CREDIBILIDADE E MERCADO SECUNDÁRIO DA DÍVIDA EXTERNA BRASILEIRA

Authors

  • Paulo Calderon
    • Rosa Fontes

      DOI:

      https://doi.org/10.22456/2176-5456.10571

      Keywords:

      Credibility. External Debt. Economic Plans.

      Abstract

      This paper uses the IDU Brazilian external debt bond price as a credibility proxy. It first describes the Brazilian external debt growth over the past 30 years. Then it correlates the IDU Brazilian bond price with expected inflation, from January 1986 to March 1997, finding a negative association between then. Observing the IDU Brazilian bond price behavior during several stabilization plans In the 80's and 90's, It is shown that the Real Plan was relatively more credible in comparison to others. Lastly it finds a negative correlation between the IDU bond price and Internal and external interest rates and a positive correlation between the IDU bond price and Brazilian international reserves.

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      Published

      2009-10-09

      How to Cite

      Calderon, P., & Fontes, R. (2009). CREDIBILIDADE E MERCADO SECUNDÁRIO DA DÍVIDA EXTERNA BRASILEIRA. Análise Econômica, 16(30). https://doi.org/10.22456/2176-5456.10571

      Issue

      Vol. 16 No. 30 (1998): setembro de 1998

      Section

      Artigos

      License

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