Since 2014
Political risk, incentives and international credit market equilibrium
Brazilian Review of Econometrics
View Archive Info| Field | Value | |
| Title |
Political risk, incentives and international credit market equilibrium
Political risk, incentives and international credit market equilibrium |
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| Creator |
Araújo, Carlos Hamilton Vasconcelos; Department of Studies and Research, Banco Central do Brasil.
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| Subject |
Political Risk; Capital Flows; Reputational Equilibrium.
F34; F21 Political Risk; Capital Flows; Reputational Equilibrium. F34; F21 |
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| Description |
The present article discusses some important issues, dealt with in the literature, which are concerned with the problems faced by emerging economies in the international credit market. Initially, the incentives that encourage international investors to lend are investigated, with special emphasis on the portfolio diversification theory. Next, the incentives that encourage the emerging economies to borrow, and also those that lead to debt servicing, are addressed, with special emphasis on the theory of reputational equilibrium.
Este artigo provê uma introdução sobre algumas importantes questões exploradas pela literatura que trata dos problemas enfrentados por economias emergentes no mercado de crédito internacional. Inicialmente são investigados os incentivos que movem os investidores internacionais a emprestar, com destaque para a teoria da diversificação de carteira. No estágio seguinte, são considerados não só os incentivos que movem as economias emergentes a tomar emprestado, mas, principalmente, os que as levam a resgatar suas dívidas, onde ênfase especial é dada à teoria do equilíbrio reputacional. |
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| Publisher |
Sociedade Brasileira de Econometria
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| Date |
2002-11-02
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/2739
10.12660/bre.v22n22002.2739 |
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| Source |
Brazilian Review of Econometrics; Vol 22, No 2 (2002); 299-328
Brazilian Review of Econometrics; Vol 22, No 2 (2002); 299-328 1980-2447 |
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| Language |
eng
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| Relation |
http://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/2739/1679
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