Download or read book Macroeconomic Policies, Debt Accumulation, and Adjustment in Brazil, 1965-84 written by Celso Luiz Martone and published by . This book was released on 1987 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the determinants and macroeconomic consequences of international financial flows on the Brazilian economy in the last twenty years. The main part of the paper analyzes the debt-accumulation process. The methodology consists of decomposing the change in the debt-GDP ratio and examining the behavior of the main components through time as a function of external shocks and policy actions. The second part of the paper discusses some more recent imbalances in the Brazilian economy that are in part the result of the still incomplete adjustment process in the wake of the debt crisis.