{"id":721,"date":"1987-03-01T08:55:04","date_gmt":"1987-03-01T08:55:04","guid":{"rendered":"http:\/\/www.tmsdesarrolladores.com\/pedropalma\/?p=721"},"modified":"2016-11-24T21:53:02","modified_gmt":"2016-11-24T21:53:02","slug":"external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case","status":"publish","type":"post","link":"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/","title":{"rendered":"External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case"},"content":{"rendered":"<h4>Fontiveros, Domingo and Palma, Pedro A. (1987) <strong>External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case<\/strong>. Caracas: MetroEcon\u00f3mica. March 1987.<\/h4>\n<p>&nbsp;<\/p>\n<p>This paper synthesizes our ongoing evaluation of the Venezuelan government&#8217;s economic policy initiatives since December 1986, including an important currency devaluation, their short term effects on the economy, as well as the impacts of the new agreement reached with the creditor banks on the public sector&#8217;s external debt on February 26<sup>th<\/sup> 1987. Our attention is focused on six major areas of interest:<\/p>\n<p>&#8211; Foreign trade<\/p>\n<p>&#8211; Foreign exchange availability<\/p>\n<p>&#8211; Distribution of income between the public and private sectors<\/p>\n<p>&#8211; Effects on the level of economic activity<\/p>\n<p>&#8211; Financial repercussions<\/p>\n<p>&#8211; Inflation and economic growth<\/p>\n<p>This paper was presented at the \u201cProject Link\u201d Meeting, New York: United Nations, March 9-11 1987, and at the \u201cEdward S. Mason Program in Public Policy and Management\u201d, John F. Kennedy School of Government, Harvard University. March 1987.<\/p>\n<h6>Imagen: astanatimes.com<\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Fontiveros, Domingo and Palma, Pedro A. (1987) External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case. Caracas: MetroEcon\u00f3mica. March 1987. &nbsp; This paper synthesizes our ongoing evaluation of the Venezuelan government&#8217;s economic policy initiatives since December 1986, including an important currency devaluation, their short term effects on the economy, as well as &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,7],"tags":[168,70,169,60],"class_list":["post-721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-academicos","category-trabajos-y-papers","tag-devaluation","tag-external-debt","tag-recession","tag-venezuelan-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case - Pedro A. Palma<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case - Pedro A. Palma\" \/>\n<meta property=\"og:description\" content=\"Fontiveros, Domingo and Palma, Pedro A. (1987) External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case. Caracas: MetroEcon\u00f3mica. March 1987. &nbsp; This paper synthesizes our ongoing evaluation of the Venezuelan government&#8217;s economic policy initiatives since December 1986, including an important currency devaluation, their short term effects on the economy, as well as &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/\" \/>\n<meta property=\"og:site_name\" content=\"Pedro A. Palma\" \/>\n<meta property=\"article:published_time\" content=\"1987-03-01T08:55:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-11-24T21:53:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pedroapalma.com\/site\/wp-content\/uploads\/1987\/03\/Devaluaci\u00f3n-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"240\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pedro Palma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Pedro Palma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minuto\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\\\/\"},\"author\":{\"name\":\"Pedro Palma\",\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/#\\\/schema\\\/person\\\/427852d245d06b78d8491abf8b114228\"},\"headline\":\"External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case\",\"datePublished\":\"1987-03-01T08:55:04+00:00\",\"dateModified\":\"2016-11-24T21:53:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\\\/\"},\"wordCount\":167,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/wp-content\\\/uploads\\\/1987\\\/03\\\/Devaluaci\u00f3n-4.jpg\",\"keywords\":[\"Devaluation\",\"External Debt\",\"Recession\",\"Venezuelan economy\"],\"articleSection\":[\"Acad\u00e9micos\",\"Trabajos y papers\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/pedroapalma.com\\\/site\\\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\\\/\",\"url\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\\\/\",\"name\":\"External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case - Pedro A. Palma\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/wp-content\\\/uploads\\\/1987\\\/03\\\/Devaluaci\u00f3n-4.jpg\",\"datePublished\":\"1987-03-01T08:55:04+00:00\",\"dateModified\":\"2016-11-24T21:53:02+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/#\\\/schema\\\/person\\\/427852d245d06b78d8491abf8b114228\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\\\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/pedroapalma.com\\\/site\\\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\\\/#primaryimage\",\"url\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/wp-content\\\/uploads\\\/1987\\\/03\\\/Devaluaci\u00f3n-4.jpg\",\"contentUrl\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/wp-content\\\/uploads\\\/1987\\\/03\\\/Devaluaci\u00f3n-4.jpg\",\"width\":400,\"height\":240},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/#website\",\"url\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/\",\"name\":\"Pedro A. Palma\",\"description\":\"Economista\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"es\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/pedroapalma.com\\\/site\\\/#\\\/schema\\\/person\\\/427852d245d06b78d8491abf8b114228\",\"name\":\"Pedro Palma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e3e6fe7f370f6e5b5d306bf869e784b2a608a86ea1106a224f9e2d9db2e43968?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e3e6fe7f370f6e5b5d306bf869e784b2a608a86ea1106a224f9e2d9db2e43968?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e3e6fe7f370f6e5b5d306bf869e784b2a608a86ea1106a224f9e2d9db2e43968?s=96&d=mm&r=g\",\"caption\":\"Pedro Palma\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case - Pedro A. Palma","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/","og_locale":"es_ES","og_type":"article","og_title":"External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case - Pedro A. Palma","og_description":"Fontiveros, Domingo and Palma, Pedro A. (1987) External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case. Caracas: MetroEcon\u00f3mica. March 1987. &nbsp; This paper synthesizes our ongoing evaluation of the Venezuelan government&#8217;s economic policy initiatives since December 1986, including an important currency devaluation, their short term effects on the economy, as well as &hellip;","og_url":"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/","og_site_name":"Pedro A. Palma","article_published_time":"1987-03-01T08:55:04+00:00","article_modified_time":"2016-11-24T21:53:02+00:00","og_image":[{"width":400,"height":240,"url":"https:\/\/pedroapalma.com\/site\/wp-content\/uploads\/1987\/03\/Devaluaci\u00f3n-4.jpg","type":"image\/jpeg"}],"author":"Pedro Palma","twitter_card":"summary_large_image","twitter_misc":{"Escrito por":"Pedro Palma","Tiempo de lectura":"1 minuto"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/#article","isPartOf":{"@id":"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/"},"author":{"name":"Pedro Palma","@id":"https:\/\/pedroapalma.com\/site\/#\/schema\/person\/427852d245d06b78d8491abf8b114228"},"headline":"External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case","datePublished":"1987-03-01T08:55:04+00:00","dateModified":"2016-11-24T21:53:02+00:00","mainEntityOfPage":{"@id":"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/"},"wordCount":167,"commentCount":0,"image":{"@id":"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/#primaryimage"},"thumbnailUrl":"https:\/\/pedroapalma.com\/site\/wp-content\/uploads\/1987\/03\/Devaluaci\u00f3n-4.jpg","keywords":["Devaluation","External Debt","Recession","Venezuelan economy"],"articleSection":["Acad\u00e9micos","Trabajos y papers"],"inLanguage":"es","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/","url":"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/","name":"External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case - Pedro A. Palma","isPartOf":{"@id":"https:\/\/pedroapalma.com\/site\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/#primaryimage"},"image":{"@id":"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/#primaryimage"},"thumbnailUrl":"https:\/\/pedroapalma.com\/site\/wp-content\/uploads\/1987\/03\/Devaluaci\u00f3n-4.jpg","datePublished":"1987-03-01T08:55:04+00:00","dateModified":"2016-11-24T21:53:02+00:00","author":{"@id":"https:\/\/pedroapalma.com\/site\/#\/schema\/person\/427852d245d06b78d8491abf8b114228"},"breadcrumb":{"@id":"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/"]}]},{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/#primaryimage","url":"https:\/\/pedroapalma.com\/site\/wp-content\/uploads\/1987\/03\/Devaluaci\u00f3n-4.jpg","contentUrl":"https:\/\/pedroapalma.com\/site\/wp-content\/uploads\/1987\/03\/Devaluaci\u00f3n-4.jpg","width":400,"height":240},{"@type":"BreadcrumbList","@id":"https:\/\/pedroapalma.com\/site\/external-debt-and-the-recessive-impact-of-a-devaluation-the-venezuelan-case\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/pedroapalma.com\/site\/"},{"@type":"ListItem","position":2,"name":"External Debt and the Recessive Impact of a Devaluation: The Venezuelan Case"}]},{"@type":"WebSite","@id":"https:\/\/pedroapalma.com\/site\/#website","url":"https:\/\/pedroapalma.com\/site\/","name":"Pedro A. Palma","description":"Economista","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pedroapalma.com\/site\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"es"},{"@type":"Person","@id":"https:\/\/pedroapalma.com\/site\/#\/schema\/person\/427852d245d06b78d8491abf8b114228","name":"Pedro Palma","image":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/secure.gravatar.com\/avatar\/e3e6fe7f370f6e5b5d306bf869e784b2a608a86ea1106a224f9e2d9db2e43968?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e3e6fe7f370f6e5b5d306bf869e784b2a608a86ea1106a224f9e2d9db2e43968?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e3e6fe7f370f6e5b5d306bf869e784b2a608a86ea1106a224f9e2d9db2e43968?s=96&d=mm&r=g","caption":"Pedro Palma"}}]}},"_links":{"self":[{"href":"https:\/\/pedroapalma.com\/site\/wp-json\/wp\/v2\/posts\/721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pedroapalma.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pedroapalma.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pedroapalma.com\/site\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pedroapalma.com\/site\/wp-json\/wp\/v2\/comments?post=721"}],"version-history":[{"count":3,"href":"https:\/\/pedroapalma.com\/site\/wp-json\/wp\/v2\/posts\/721\/revisions"}],"predecessor-version":[{"id":726,"href":"https:\/\/pedroapalma.com\/site\/wp-json\/wp\/v2\/posts\/721\/revisions\/726"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pedroapalma.com\/site\/wp-json\/wp\/v2\/media\/2850"}],"wp:attachment":[{"href":"https:\/\/pedroapalma.com\/site\/wp-json\/wp\/v2\/media?parent=721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pedroapalma.com\/site\/wp-json\/wp\/v2\/categories?post=721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pedroapalma.com\/site\/wp-json\/wp\/v2\/tags?post=721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}