(This abstract was borrowed from another version of this item.)"> (This abstract was borrowed from another version of this item.)">
Nothing Special   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/anp/en2003/c44.html
   My bibliography  Save this paper

Crescimento com Restrição no Balanço de Pagamentos e "Fragilidade Financeira" no Sentido Minskyano: uma Abordagem Macroeconômica para a América Latina

Author

Listed:
  • Thaiza Bahry

    (UFPR)

  • Gabriel Porcile

    (UFPR)

  • Marcelo Curado

    (UFPR)

Abstract
This paper develops a growth model (based on the Keynesian literature of Balance-of-Payments-constrained growth and on the Minskyan concept of financial fragility) aimed at describing some stylized facts of the current economic situation in Latin America. In particular, it discusses why the positive trend in capital inflows of the last decade has recently suffered a critical setback. The traditional mechanisms devised for taming capital flights by means of increasing interest rates have proved to be inefficient and could not avoid slower growth in the region. The model shows that in a context of increasing risk of default, a country cannot grow at a rate systematically higher than that which keeps stable the current account deficit/GDP ratio, as financial fragility grows steadily in such conditions.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Thaiza Bahry & Gabriel Porcile & Marcelo Curado, 2003. "Crescimento com Restrição no Balanço de Pagamentos e "Fragilidade Financeira" no Sentido Minskyano: uma Abordagem Macroeconômica para a América Latina," Anais do XXXI Encontro Nacional de Economia [Proceedings of the 31st Brazilian Economics Meeting] c44, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    • Handle: RePEc:anp:en2003:c44
    as

    Download full text from publisher

    File URL: http://www.anpec.org.br/encontro2003/artigos/C44.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:anp:en2003:c44. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Rodrigo Zadra Armond (email available below). General contact details of provider: https://edirc.repec.org/data/anpecea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.