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Why developing countries should not incur foreign debt: the Brazilian experience

2016. Paper with Thiago de Moraes Moreira. Current account deficits, even when financed by direct investments, hinder instead of enhance growth because the cause overvaluation of the national currency. (Paper in edited book to be published)

La crisis de la deuda externa de los años 1980 y el turning point de 1987

2013. 1987 was a turning point in the 1980s' Debt Crisis. In this year I presented a proposal of securitization of the debt of all highly indebted countries that was rejected by the US in a first moment, but 18 months later fully adopted in the Brady Plan, which solved the crisis. (slide presentation)

Les pays émergents, ons ils vraiment besoin du capital des pays riches?

2013. A critique to foreign direct investments. Do developing countries really need them? (Presentation)

A insustentável leveza da dívida

Roberto Giannetti da Fonseca (2011). The solution of the European debt crisis should follow the one proposed by Bresser-Pereira in 1987 – that was consagrated by the Brady Plan. (Valor, 28.07.11)

A turning point in the debt crisis: Brazil, the US Treasury, and the World Bank

1995. An account of the 1987 negotiation of the debt crisis. Brazil presented a proposal of debt securitization which represented a turning point in the debt crisis, and was the Brady Plan 18 months later. (Paper: Revista de Economia Política) *

Contra a Corrente: A Experiência no Ministério da Fazenda

1992. Revised version of the testimony to IUPERJ on the author's experience as Finance Minister in Brazil: the major crisis, the “Bresser Plan”, and the negotiation of the foreign debt. Non revised version available in French. (In Revista Brasileira de Ciências Sociais”)

Dívida externa e crise do governo

1991. The Collor administration is approaching the debt crisis in a correct way under the direction of Zelia Cardoso and the ambassador Jorio Dauster. The solution requires a reduction of the debt. (Testimony to the Commission of Finance of the Brazilian Senate).

Os Tempos Heróicos de Collor e Zélia

1991. Collection of articles analysing the rights and wrongs that characterized the first two extraordinary years of the Collor administration. After that, a change of ministry inaugurated the rendition of Brazil to the Washington consensus. (Editora Nobel)

The U.S. elite and the Latin American crisis

1990. The debt crisis is without solution, and may require unilateral measures on the part of Latin American countries. The idea of free trading area in the Americas is welcomed.(Note in book edited by Baer & Petri)

Alternativa para as moratórias não-declaradas

1990. Brazil is since 1989 in the situation of default. Given that the Brady Plan offers just a small reduction in the debt, and the market discount is 30%, some unilateral initiative from Brazil is required. (Note: Folha de S.Paulo)

The hesitating motivation to solve the debt crisis

1990. There is a consensus that it is necessary to offer a solution to the debt crisis but not the necessary determination to do something. (Paper presented to the Peace and Development Foundation)

The third world debt: a dangerous game

1989. Third world debt is so high that only its securitization with a discount in the line proposed in 1987 by me as finance minister of Brazil will solve the problem.

A solução incompleta do Plano Brady (Exame, 3.5.1989)

1989. The discount offered by the Brady Plan to the highly indebted countries is insuficient. (Article: Exame)

O Plano Brady (Isto É/Senhor, 22.3.1989)

1989. The Brady Plan is a correct but incomplete policy to solve de debt crisis. (Article: IstoÉ-Senhor, 22.3.1989)

Dívida Externa: Crise e Soluções (coletânea)

1989. Edited book on the debt crisis and proposed solutions. Papers by the editor and economists like Jeffrey Sachs, Rudy Dornbusch and Dragoslav Avramovic. (Book: Editora Brasiliense)