The Brazilian foreign debit rescheduling: an example of legal-economic integration at the end of the century
Keywords:
FDUSP, Dívida Externa, Petróleo.Abstract
The article purports to present a general view of the Brazilian foreign debt crisis departing from a structural approach, in order to stress that same does not derive from a mere unfavourable phase or cycle of the economy, but results from a substantial transformation in the international economic set, caused, in turn, by a conjunction of factors which are briefly examined. Starting with a small introduction, the paper focuses on the creation and development of the eurodollar market in particular as a consequence the two oil crisis when it promoted the so called petrodollar recycling. Subsequently, the legal architecture established for the reescheduling of the debt is also analysed. At the end some succinct conclusions are drawn from the text.
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