Luiz Carlos Bresser-Pereira
1989. Capítulo 8 de Bresser-Pereira, org., Dívida Externa: Crise e Soluções: 219-237.
The 1987 negotiation of the foreign debt was guided by a question ("is the payment of interests consistent with the economic growth of Brazil?"), and by the idea of securityzing the debt with a discount.