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The Sensitivity Of Brazil's Balance Of Payments And Foreign Debt To Future Changes In World Economic Conditions: 1987-1991, David Rostov
The Sensitivity Of Brazil's Balance Of Payments And Foreign Debt To Future Changes In World Economic Conditions: 1987-1991, David Rostov
Honors Papers
The purpose of this paper is to analyze the sensitivity of Brazil's balance of payments (including its foreign debt) to future changes in world economic conditions. To accomplish this, the determinants of the country's balance of payments will be isolated and then empirically studied. Based upon these results,forecasts will be made under three different economic scenarios. The intent will be to determine the affect that different sets of world conditions have upon Brazil's foreign debt and trade balance from 1987 to 1991.
The hypothesis of this study is that continued industrial country growth, coupled with low world interest rates, will …