How Governments Borrow reveals how annual borrowing decisions are informed by domestic politics. The book traces the annual fiscal policymaking process in Emerging Markets (EM) to show how a government's partisan policy preferences are a primary determinant of annual external borrowing decisions and thus patterns of debt accumulation.
How Governments Borrow reveals how annual borrowing decisions are informed by domestic politics. The book traces the annual fiscal policymaking process in Emerging Markets (EM) to show how a government's partisan policy preferences are a primary determinant of annual external borrowing decisions and thus patterns of debt accumulation.
Ben Cormier is a Lecturer and Chancellor's Fellow at the University of Strathclyde School of Government and Public Policy. He works on the international political economy of finance and development, interested in sovereign debt, financial markets, capital flows, aid flows, loan conditions, government transparency, and international organizations.
Inhaltsangabe
1: Introduction 2: Partisan Politics and Constrained Institutions: A Model of Sovereign Debt Accumulation in Emerging Markets 3: Testing the Partisan Model 4: South Africa and Botswana 5: Peru 6: Thailand 7: Conclusion References Appendix
1: Introduction 2: Partisan Politics and Constrained Institutions: A Model of Sovereign Debt Accumulation in Emerging Markets 3: Testing the Partisan Model 4: South Africa and Botswana 5: Peru 6: Thailand 7: Conclusion References Appendix
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