TY - JOUR AU - Abreu, Marcelo de Paiva PY - 1994/10/01 Y2 - 2024/03/29 TI - Brazilian external debt in francs, 1888-1956 JF - Brazilian Journal of Political Economy JA - BJPE VL - 14 IS - 4 SE - DO - 10.1590/0101-31571994-0811 UR - https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1306 SP - 609-622 AB - <p>Although the share of the debt in French francs in total Brazilian debt was of<br />only 6% in 1930, the analysis is of interest due to the marked concentration of inflows just<br />before World War I, to the concentration of indebtedness in high risk loans to states and municipalities<br />and to the fact that France was the only creditor country to return to gold with<br />a broken parity. The process of Brazilian progressive indebtedness in francs is described and<br />the performance of loans in different currencies is evaluated in relation to alternatives such<br />as the purchase of government bonds.</p><p><strong>JEL Classification:</strong> N26; F34.</p> ER -