Do Estrangulamento Externo À Moratória: A Negociação Brasileira Com O Fmi No Governo Figueiredo (1979-1985)

Salomão, Ivan Colangelo

doi:10.1590/198055272011

Cited by 3 publications

(3 citation statements)

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“…A insustentabilidade das condições impostas pelos credores internacionais, nas sucessivas negociações de financiamento da dívida, a partir de então, resultou na decretação da moratória da dívida pública brasileira em 1987. As consequências mais graves das políticas econômicas restritivas, no entanto, foram os altos custos sociais derivados da gestão da dívida nesse período: a redução dos salários reais e o aumento do desemprego (SALOMÃO, 2016).…”

Section: A Dívida Externa Brasileira Em Perspectiva Históricaunclassified

Uma análise da dívida externa brasileira a partir dos anos 2000

Torres¹,

Cândido

Ripka

2021

rce

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O objetivo deste artigo foi analisar a dívida externa brasileira a partir dos anos 2000, com foco na vulnerabilidade externa, custos e sustentabilidade. Realizou-se revisão da literatura sobre o tema e fez-se levantamento de dados secundários a partir das estatísticas do Banco Central do Brasil. Foram analisadas variáveis como o investimento internacional líquido, taxa de juros dos títulos públicos, taxa de câmbio, dívida líquida do setor público e custo real da dívida não-monetária. Os resultados mostram que houve redução da vulnerabilidade externa por conta do acúmulo de reservas em moeda estrangeira e pela substituição da dívida pública externa pela interna. Contudo, permanece a condição de vulnerabilidade externa estrutural, em função da necessidade de atração de capital estrangeiro para o equilíbrio no balanço de pagamentos e, por conseguinte, do círculo vicioso gerado entre a política monetária, o resultado fiscal e a redução do crescimento econômico. Houve deterioração da posição de investimento internacional do Brasil, principalmente a partir de 2015, com a desvalorização cambial, o que implica uma elevação dos riscos associados à dívida externa.

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Section: A Dívida Externa Brasileira Em Perspectiva Históricaunclassified

Uma análise da dívida externa brasileira a partir dos anos 2000

Torres¹,

Cândido

Ripka

2021

rce

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“…Pojem moratorium nemá jen právní význam, jak je představeno v úvodu ve vazbě na insolvenční zákon, ale má zároveň i ekonomický, protože umožňuje dočasnou ochranu dlužníka před věřiteli a vyřešení problémů. Společensko-politický význam se naplno projevuje v případech jako moratorium státního dluhu (Salomão, 2016) nebo v případě hypoték (Dendramis, 2018), dopady moratoria je možno analyzovat i v případě cen pozemků (Jou, 2009), kde pojem moratorium zastupuje omezenost změn územního plánu a související výstavby.…”

Section: Literární Rešeršeunclassified

Financial Characteristics of Pre-Moratorium Companies

Schönfeld¹,

Kuděj²,

Smrčka³

2019

Politicka ekonomie

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Financial Characteristics of Pre-Moratorium Companies This article presents the outcome of research focused on financial characteristics of companies declaring a moratorium. The key purpose of the moratorium is to avoid threatening bankruptcy. The aim of the research is to identify the financial situation of the companies entering the moratorium process. The main objective was to find the answer to the core question whether there is any chance of avoiding bankruptcy using the moratorium, that is, whether the moratorium fulfils its basic function. The research is based on a quantitative analysis of selected financial ratios and synthetic indicators and their mutual relations. The analysis looks for an answer to what financial indicator levels were characteristic for the companies launching the moratorium mode of operation and what these levels indicated. The research results prove that the financial situation of the companies entering the moratorium process was unsatisfactory. It is even possible to conclude that the companies were in the last stage of their corporate crisis. This situation shows that the probability of avoiding bankruptcy was extremely low.

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“…Social-political importance of the moratorium is connected with the state debt (Salomão, 2016) or with of mortgages (Dendramis, Tzavalis, & Adraktas, 2018). Going back to the moratorium according to the insolvency law which enables the business to keep running.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Financial Health of Enterprises Introducing Safeguard Procedure Based on Bankruptcy Models

Schönfeld

Kuděj

Smrčka

2018

Journal of Business Economics and Management

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This paper is focused on the financial situation of enterprises introducing safeguard procedure (in other words moratorium) in the Czech Republic. The paper’s aim is to show if the enterprises asking for the safeguard procedure do have financial conditions for recovering and maintaining the going concern principle. The safeguard procedure should help the enterprise to solve their problematic situation because it protects them against creditors for the court approved time period. The safeguard procedure cannot be successful when the financial situation is extremely poor and therefore this paper analyses the enterprises’ financial situation upon applying for safeguard. The situation is evaluated using bankruptcy models, such as Altman Z-Score, Kralicek Quick Test, IN 99 and IN05. The evaluation is conducted in different time moments, specifically one year, two years and three years before implementing the safeguard procedure. Results for the individual enterprises are summed up by basic descriptive statistics as mean, median, low and upper quartiles. The results show that the financial situation of most enterprises was very poor before introducing the safeguard procedure and it had deteriorated during the years before.

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Do Estrangulamento Externo À Moratória: A Negociação Brasileira Com O Fmi No Governo Figueiredo (1979-1985)

Cited by 3 publications

References 1 publication

Uma análise da dívida externa brasileira a partir dos anos 2000

Uma análise da dívida externa brasileira a partir dos anos 2000

Financial Characteristics of Pre-Moratorium Companies

Financial Health of Enterprises Introducing Safeguard Procedure Based on Bankruptcy Models

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