Renegociação da dívida interna mobiliária : uma proposta
Autor(a) principal: | |
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Data de Publicação: | 1992 |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/12364 |
Resumo: | This article develops arguments in favor of recomposing the time to maturityof the domestic public bond's debt and presents calcul.ations on the amount of tax required by different terms of payment of that debt, assuming that it is rescheduled. Tv..'O alternatives are presented ~nd evaluated. Alternative one offers a collateral for the principal owed and calculates' the. flow of interest in relation to GDP during the repayment period . Alternative two is based on making.gradual and small down~payments to repay the old debt within a newinstitutional framework. Both alternatives yield a substantial alleviation of the interest burden compared to the present policy. The main conclusion is that with a dollar long-term ·interest rate similar to the ones observed in the international markets -- about 8%~ year -- and a 3% a year GDP growth rate, the domestic public debt could be paid in 20 years if a yearly provision of only 0,6% of GDP is allocated to its payment. |
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Zini Junior, Alvaro A.Escolas::EPGEFGV2014-11-10T13:03:45Z2014-11-10T13:03:45Z1992-09-29http://hdl.handle.net/10438/12364This article develops arguments in favor of recomposing the time to maturityof the domestic public bond's debt and presents calcul.ations on the amount of tax required by different terms of payment of that debt, assuming that it is rescheduled. Tv..'O alternatives are presented ~nd evaluated. Alternative one offers a collateral for the principal owed and calculates' the. flow of interest in relation to GDP during the repayment period . Alternative two is based on making.gradual and small down~payments to repay the old debt within a newinstitutional framework. Both alternatives yield a substantial alleviation of the interest burden compared to the present policy. The main conclusion is that with a dollar long-term ·interest rate similar to the ones observed in the international markets -- about 8%~ year -- and a 3% a year GDP growth rate, the domestic public debt could be paid in 20 years if a yearly provision of only 0,6% of GDP is allocated to its payment.porEscola de Pós-Graduação em Economia da FGVSeminários de pesquisa econômica da EPGETodo cuidado foi dispensado para respeitar os direitos autorais deste trabalho. Entretanto, caso esta obra aqui depositada seja protegida por direitos autorais externos a esta instituição, contamos com a compreensão do autor e solicitamos que o mesmo faça contato através do Fale Conosco para que possamos tomar as providências cabíveisinfo:eu-repo/semantics/openAccessRenegociação da dívida interna mobiliária : uma propostainfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleEconomiaDívida pública - Brasilreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINAL000089365.pdf000089365.pdfapplication/pdf1532733https://repositorio.fgv.br/bitstreams/79b6131c-3cb7-402c-92d9-5c0fcbcfa5f3/download5ad4fe9262ece6a0c6b607addb3ef252MD51LICENSElicense.txtlicense.txttext/plain; charset=utf-84707https://repositorio.fgv.br/bitstreams/19053a3b-e798-4386-b518-b51a6629e738/downloaddfb340242cced38a6cca06c627998fa1MD52TEXT000089365.pdf.txt000089365.pdf.txtExtracted 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dc.title.por.fl_str_mv |
Renegociação da dívida interna mobiliária : uma proposta |
title |
Renegociação da dívida interna mobiliária : uma proposta |
spellingShingle |
Renegociação da dívida interna mobiliária : uma proposta Zini Junior, Alvaro A. Economia Dívida pública - Brasil |
title_short |
Renegociação da dívida interna mobiliária : uma proposta |
title_full |
Renegociação da dívida interna mobiliária : uma proposta |
title_fullStr |
Renegociação da dívida interna mobiliária : uma proposta |
title_full_unstemmed |
Renegociação da dívida interna mobiliária : uma proposta |
title_sort |
Renegociação da dívida interna mobiliária : uma proposta |
author |
Zini Junior, Alvaro A. |
author_facet |
Zini Junior, Alvaro A. |
author_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.author.fl_str_mv |
Zini Junior, Alvaro A. |
dc.subject.area.por.fl_str_mv |
Economia |
topic |
Economia Dívida pública - Brasil |
dc.subject.bibliodata.por.fl_str_mv |
Dívida pública - Brasil |
description |
This article develops arguments in favor of recomposing the time to maturityof the domestic public bond's debt and presents calcul.ations on the amount of tax required by different terms of payment of that debt, assuming that it is rescheduled. Tv..'O alternatives are presented ~nd evaluated. Alternative one offers a collateral for the principal owed and calculates' the. flow of interest in relation to GDP during the repayment period . Alternative two is based on making.gradual and small down~payments to repay the old debt within a newinstitutional framework. Both alternatives yield a substantial alleviation of the interest burden compared to the present policy. The main conclusion is that with a dollar long-term ·interest rate similar to the ones observed in the international markets -- about 8%~ year -- and a 3% a year GDP growth rate, the domestic public debt could be paid in 20 years if a yearly provision of only 0,6% of GDP is allocated to its payment. |
publishDate |
1992 |
dc.date.issued.fl_str_mv |
1992-09-29 |
dc.date.accessioned.fl_str_mv |
2014-11-10T13:03:45Z |
dc.date.available.fl_str_mv |
2014-11-10T13:03:45Z |
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info:eu-repo/semantics/article |
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article |
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http://hdl.handle.net/10438/12364 |
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http://hdl.handle.net/10438/12364 |
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por |
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por |
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Seminários de pesquisa econômica da EPGE |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
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openAccess |
dc.publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
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reponame:Repositório Institucional do FGV (FGV Repositório Digital) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
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