Raise the debt : how developing countries choose their creditors / Jonas B. Bunte.
- New York, NY : Oxford University Press,  , ©2019
xiii, 276 pages : illustrations ; 24 cm
- Debts, Public -- Developing countries.
Debts, External -- Developing countries.
- 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.
- 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.
- Includes bibliographical references (pages 245-267) and index.
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