Details

Subject(s)

• Debts, Public—Developing countries [Browse]
• Debts, External—Developing countries [Browse]

Series

Oxford scholarship online [More in this series]

Summary note

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.

Notes

Previously issued in print: 2019.

Bibliographic references

Includes bibliographical references and index.

Target audience

Specialized.

Source of description

Description based on online resource; title from home page (viewed on January 23, 2019).

ISBN

9780190909581 (ebook) :

Statement on language in description

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