How Governments Borrow : Partisan Politics, Constrained Institutions, and Sovereign Debt in Emerging Markets

Cormier, Ben (2024) How Governments Borrow : Partisan Politics, Constrained Institutions, and Sovereign Debt in Emerging Markets. Oxford University Press, Oxford. ISBN 9780198882732

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Abstract

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. That sovereign debt composition has partisan political roots provides insights for scholars in political science, international relations, economics, sociology, and public administration that work on sovereign debt.