Discussion Paper

Walking on a fence: Brazils public-sector debt

Abstract: Brazil is walking on a fence between sustainable and unsustainable public-debt dynamics. How it treads could affect not only its own economic prosperity but that of its neighbors, emerging markets in general, and U.S. financial institutions in particular. Relatively small improvements in Brazilian economic conditions and a continuation of that countrys recent fiscal improvements could push Brazil in the right direction, particularly if the dollar continues to depreciate.

Keywords: Economic conditions - Brazil; Debts, Public - Brazil;

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File(s): File format is application/pdf http://www.clevelandfed.org/Research/PolicyDis/No6Jan04.pdf


Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Policy Discussion Papers

Publication Date: 2004

Issue: Feb

Order Number: 6