Debt Relief and Economic Growth in Mexico
研究了墨西哥1989-90年债务重组（布雷迪计划）对宏观经济稳定和经济增长的影响，通过模型估计得出该协议有助于恢复增长。
Could external restraint and internal balance in Mexico have been reconciled.at levels of savings and investment that allowed satisfactory growth in output without the 1989-90 restructuring of debt? What are the likely implications of Mexico's "Brady deal" on economic growth? What are the macroeconomic effects of debt-equity swaps? This article develops and estimates a model to address these issues. The analysis concludes that the 1989-90 agreement in Mexico will contribute materially to macroeconomic stability and the restoration of economic growth. Copyright 1991 by Oxford University Press.