A Brazilian approach to external debt negotiation - 1987

Luiz Carlos Bresser-Pereira

In Cheryl Lehman & Russell Moore (eds.) Multinational Culture: Social Impacts of a Global Economy, Westport (CT): Greenwood Press, 1991. Trabalho apresentado ao XIV Congresso Internacional da LASA, Nova Orleans, março 1988, published in LASA Forum 19(4), Inverno 1989.

The 1987 attempt to negotiate the Brazilian external debt, which began with the moratorium on interest payments announced at the beginning of the year, was guided by a basic question: Is the payment of interest compatible with the national interest?

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