Carolina Villalba and Paola Visca

Foreign Debt on the Threshold of the 21st Century: Argentina, Brazil and Uruguay

25 pages · 6.09 EUR
(November 2007)

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Carolina Villalba und Paola Visca highlight the lasting consequences of debt and broader financial crises in Argentina, Brazil and Uruguay. While growth has recovered in these countries, the “progressive” governments still need to face up to the legacy of the past in the form of high debt service and a dire social situation. In two of these states, Argentina and Uruguay, an advanced degree of semi-dollarization was an aggravating factor for the financial crisis.