Raise the debt : how developing countries choose their creditors / Jonas B. Bunte.

Format:

Book

Author/Creator:

Bunte, Jonas B., author.

Language:

English

Subjects (All):

Debts, Public--Developing countries.

Debts, Public.

Developing countries.

Debts, External--Developing countries.

Debts, External.

Physical Description:

xiii, 276 pages : illustrations ; 24 cm

Place of Publication:

New York, NY : Oxford University Press, [2019]

Summary:

Why do some governments borrow from China, while others borrow from the United States or the International Monetary Fund (IMF)? This book systematically explains how governments choose among competing loan offers. As the strings attached to loans vary across creditors, domestic interest groups prefer one type of creditor to the other. However, interest groups disagree about which creditor is preferable. Governments cater to whichever domestic interest group coalition is dominant by borrowing from the coalition's preferred creditor. Combining a comparative politics approach with international political economy methods, Raise the Debt shows how a deeper understanding of governments' borrowing decisions is critical for gaining insights into how these loans could impact growth and democracy on a global scale.

Contents:

Explaining variation in borrowing portfolios

How governments choose their creditors

Qualitative evidence. Tracing the process of borrowing with fieldwork

Ecuador: a corporatist coalition chooses BRIC loans

Colombia: a capital coalition prefers private creditors

Peru: a consumer coalition wants Western creditors

Quantitative evidence. Generalizing the findings with statistical analyses

Measuring borrowing portfolios and group strength

Governments' borrowing decisions across the developing world

Evaluating alternative explanations ; Why greater choice matters for developing countries.

Notes:

Includes bibliographical references (pages 245-267) and index.

ISBN:

9780190866167

0190866160

9780190866174

0190866179

OCLC:

1043055906