Between accommodation and confrontation: the dilemmas of renegotiating the Brazilian external debt, 1983-1987

Vol. 8 No. 2 (1988)

Apr-Jun / 1988
Published April 1, 1988
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Bacha, Edmar L. 1998. “Between Accommodation and Confrontation: The Dilemmas of Renegotiating the Brazilian External Debt, 1983-1987”. Brazilian Journal of Political Economy 8 (2):223-41. https://doi.org/10.1590/0101-31571988-2049.
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Between accommodation and confrontation: the dilemmas of renegotiating the Brazilian external debt, 1983-1987

Edmar L. Bacha
Pontifícia Universidade Católica do Rio de Janeiro - PUC/RJ. Rio de Janeiro/RJ, Brasil.
Brazilian Journal of Political Economy, Vol. 8 No. 2 (1988), Apr-Jun / 1988, Pages 223-241

Abstract

After a historical revision of the Brazilian foreign debt renegotiation procedures
from 1983 to 1987, this article discusses five controversial technical points: the spread’s
calculus and restructuring method, internal re-lending of the restructured amortizations, foreign
court’s jurisdiction, IMF monitorization, and debt equity conversion.

JEL Classification: H63; F34.


Keywords: External debt debt crisis