English, Article, Journal or magazine article edition: L'allégement de la dette et croissance : Le cas mexicain Jean-Claude Berthélemy; Ann Vourc'h

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/85997
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • L'allégement de la dette et croissance : Le cas mexicain
Author
  • Jean-Claude Berthélemy
  • Ann Vourc'h
Physical Description
  • preprint
Notes
  • Ce document présente un modèle dynamique de simulation de l'économie mexicaine, centré sur les effets de l'endettement public. Trois principales variables sont au coeur de la dynamique économique qui est décrite ici: le taux d'intérêt réel interne, le prix du marché secondaire de la dette, et le taux de change réel. Le taux d'intérêt réel interne, qui intègre une prime de risque sur les placements au Mexique, associée à un risque d'illiquidité du secteur public, exerce en retour une influence sur les comportements d'investissement du secteur privé. Le prix du marché secondaire, qui intègre lui aussi les effets de la prime de risque, traduit par ailleurs les anticipations à long terme en ce qui concerne la fiabilité financière du Mexique, et influence également les comportements d'investissement. Le taux de change réel, qui résulte de l'équilibre macro-économique sur les biens et services, exerce en retour un effet sur les finances publiques par le biais de la valorisation du ... This paper presents a dynamic model simulating the Mexican economy, concentrating on the effects of public indebtedness. Three main variables are at the heart of the economic dynamic which is described here: the real domestic interest rate, the price of the debt on the secondary market, and the real exchange rate. The real domestic interest rate, which includes a risk premium on investments in Mexico, associated to a risk of illiquidity in the public sector, in turn influences the behaviour of private-sector investment. The price on the secondary market, which also includes a risk-bonus factor, in addition influences long-term expectations of the financial reliability of Mexico and therefore affects investment behaviour. The real exchange rate, which depends on the macroeconomic balance between goods and services, in turn affects public finances through the valuation of the contractual service of the external debt. This model is used to simulate the effects of the Brady plan, the ...
  • RePEc:oec:devaaa:79-fr
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment