Kaminsky, Graciela L.; Pereira, Alfredo - Federal Reserve Board (Board of Governors of the … - 1994
account for the effects of social inequality on government policy and consumption, the burden of servicing the debt becomes an …One of the salient characteristics of the 1980s is the growth collapse of the Latin American debtor countries. The debt …-overhang literature claims that the debt crisis is the main reason for the growth collapse. However, previous empirical work has failed to …