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Autor: Leonardo Weller
ISBN-13: 9783319736327
Einband: Book
Seiten: 183
Gewicht: 410 g
Format: 218x154x20 mm
Sprache: Englisch

Sovereign Debt Crises and Negotiations in Brazil and Mexico, 1888-1914

Governments versus Bankers
123,04 €*
Addresses the pre-1914 sovereign debt market from both creditors' and borrowing governments' perspectives
Part I - Governments versus Bankers
This book analyzes the relative balance of bargaining power between governments and the banks in charge of underwriting their debt during the first financial globalization. Brazil and Mexico, both indebted countries that underwent major changes in reputation and negotiating power as they faced financial crises, provide valuable case studies of government strategies for obtaining the best possible outcomes. Previous literature has focused on bankers' perspectives and emphasized that debtors were submissive during negotiations, but Weller finds that governments' negotiating power varied over time. He presents a new analytical framework that interprets when and why officials were likely to negotiate loans more or less effectively, with newly uncovered primary sources from debtors' and creditors' archives suggesting key causes of variation: fiscal accounts, political stability, and creditors' exposure and reputation.
Autor: Leonardo Weller
Leonardo Weller is Lecturer at the São Paulo School of Economics, Fundação Getulio Vargas, (EESP-FGV), Brazil. He earned his PhD at the London School of Economics, UK.

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Autor: Leonardo Weller
ISBN-13:: 9783319736327
ISBN: 3319736329
Erscheinungsjahr: 01.05.2018
Verlag: Springer-Verlag GmbH
Gewicht: 410g
Seiten: 183
Sprache: Englisch
Auflage 2018
Sonstiges: Buch, 218x154x20 mm, 21 schwarz-weiße Abbildungen, Bibliographie