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External Debt, Budget Deficits and Disequilibrium Exchange Rates

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NBER1984-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1336
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The paper investigates the sources of debt and debt difficulties for a group of Latin American countries. It is argued that external shocks -- oil, interest rates, world recession and the fall in real commodity prices -- cannot account by themselves for the problems. Budget deficits that accommodate
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1984-04-01
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