Some principles which may be useful in formulating a debt management strategy are articulated. There are four major policy recommendations : 1) stretch out the repayment of the debt; 2) monitor both exports and GDP; 3) ignore the capital loss of the creditors; and 4) watch the domestic deficit. The goal of the recommendations is the maximization of the intertemporal welfare of the country under the constraint that it services its debt.
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1988/01/31
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Artigo de revista
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14172
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1
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1
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2010/07/01
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The management of the developing countries' debt : guidelines and applications to Brazil
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domestic debt
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