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Why Do Some Governments Borrow From China, While Others Borrow From The United States Or The International Monetary Fund (imf)? This Work 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. The Text Offers Evidence From Ecuador, Peru, And Colombia As Well As An Extensive Statistical Analysis. The Results Show That Borrowing Portfolios Around The World Reflect The Relative Strength Of Societal Interest Groups. Jonas B. Bunte. Previously Issued In Print: 2019. Includes Bibliographical References And Index.
This book investigates the political mechanisms that drive developing nations to select specific international creditors over others. Jonas B. Bunte, an expert in international political economy, argues that sovereign borrowing decisions are not merely economic calculations but are instead the result of domestic political maneuvering. By analyzing how competing interest groups within a country influence government policy, the author demonstrates that loan sources are chosen to satisfy the dominant political coalition's preferences.
What You Will Find
Scope Limits
Scholars in international political economy recognize this work as a rigorous application of domestic interest group theory to the field of sovereign debt. Readers frequently note the academic density of the prose, which makes it a valuable resource for researchers and graduate students studying the intersection of domestic politics and international finance.
Page Count:
0
Publication Date:
1900-01-01
Publisher:
Oxford University Press,
ISBN-10:
0190909587
ISBN-13:
9780190909581
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