The Latin American Debt Burden: Consequences for International Adjustment and Agricultural Trade
分析拉美外债问题的根源(油价、利率上升及政策),探讨偿债调整的经济影响,并为研究债务与农产品贸易的关系提出建模建议。
This paper attributes the origins of the Latin American external debt problem to the oil price and real interest rate increases and debtor country and international bank policies. Next, it briefly examines the implications of economic adjustments to service the debt. Finally, in order to facilitate research on the linkages between debt and agricultural trade, the paper suggests some factors to consider in modeling import behavior and international borrowing.