Renegociação da dívida pública interna em condições de sobreendividamento

Renegociação da dívida pública interna em condições de sobreendividamento

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.

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Main Author: Almeida,Rodrigo Octávio Marques de
Format: Digital revista
Language:Portuguese
Published: Centro de Economia Política 2005
Online Access:http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572005000400009
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spelling oai:scielo:S0101-315720050004000092006-03-21Renegociação da dívida pública interna em condições de sobreendividamentoAlmeida,Rodrigo Octávio Marques de monetary policy public debt management debt overhang 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.info:eu-repo/semantics/openAccessCentro de Economia PolíticaBrazilian Journal of Political Economy v.25 n.4 20052005-12-01info:eu-repo/semantics/articletext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572005000400009pt10.1590/S0101-31572005000400009
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country Brasil
countrycode BR
component Revista
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databasecode rev-scielo-br
tag revista
region America del Sur
libraryname SciELO
language Portuguese
format Digital
author Almeida,Rodrigo Octávio Marques de
spellingShingle Almeida,Rodrigo Octávio Marques de
Renegociação da dívida pública interna em condições de sobreendividamento
author_facet Almeida,Rodrigo Octávio Marques de
author_sort Almeida,Rodrigo Octávio Marques de
title Renegociação da dívida pública interna em condições de sobreendividamento
title_short Renegociação da dívida pública interna em condições de sobreendividamento
title_full Renegociação da dívida pública interna em condições de sobreendividamento
title_fullStr Renegociação da dívida pública interna em condições de sobreendividamento
title_full_unstemmed Renegociação da dívida pública interna em condições de sobreendividamento
title_sort renegociação da dívida pública interna em condições de sobreendividamento
description 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.
publisher Centro de Economia Política
publishDate 2005
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572005000400009
work_keys_str_mv AT almeidarodrigooctaviomarquesde renegociacaodadividapublicainternaemcondicoesdesobreendividamento
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