rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: How governments borrow
    sub title: partisan politics, constrained institutions, and sovereign debt in emerging markets
  name:
    name part: Cormier, Ben
    role:
      role term: creator
    role:
      role term: author.
  type of resource: text
  genre: bibliography
  genre: Electronic books.
  origin info:
    place:
      place term: enk
    date issued: 2024
    copyright date: 2024
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: remote
    extent: 1 online resource : illustrations
  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.
  abstract: Sovereign debt composition enhances or limits the capacity of an Emerging Market (EM) government to contribute to social and economic development. Many EMs depend on foreign currency debt. How much external debt an EM government owes, the cost of that debt, the maturity of that debt, and the conditions attached to that debt all determine the political and economic opportunities and risks associated with a government's borrowings. EMs borrow from different sources each year, leading them to build different sovereign debt structures over time. Some prioritize cheap yet conditional official credit, which constrains policy autonomy but enhances debt sustainability. Others prioritize comparatively expensive bond markets, which enhances policy autonomy but brings more expensive repayment obligations on to national balance sheets. As countries accumulate debt, the borrowing choices they make come to have important effects on fiscal space, debt sustainability, and development. How Governments Borrow shows how annual borrowing decisions are informed by domestic politics. The book traces the annual fiscal policymaking process in EMs 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.
  table of contents: 1 Introduction -- 2 Partisan politics and constrained institutions: a model of soverign debt accumulation -- 3 Testing the partisan model -- 4 South Africa and Botswana -- 5 Peru -- 6 Thailand -- 7 Conclusion.
  target audience: Specialized.
  target audience: specialized
  note: Ben Cormier.
  note: Also issued in print: 2024.
  note: Includes bibliographical references and index.
  subject:
    topic: Debts, Public
  subject:
    topic: Dettes publiques
  subject:
    topic: International
  subject:
    topic: BUSINESS & ECONOMICS
  subject:
    topic: History & Theory
  subject:
    topic: POLITICAL SCIENCE
  subject:
    topic: Economic Policy
  subject:
    topic: Public Policy
  subject:
    topic: SOCIAL SCIENCE
  subject:
    topic: Economics
  subject:
    topic: Economics
  subject:
    topic: sovereign debt, government borrowing, debt composition, debt accumulation, debt management offices, capital flows, development finance, official credit, Emerging Markets, Middle Income Countries, international political economy
  classification: HJ8015 .C67 2024
  classification: 336.3/4
  related item:
    title info:
      title: How governments borrow
    name:
      name part: Cormier, Ben.
    origin info:
      publisher: Oxford : Oxford University Press, [2024]
    identifier: (OCoLC)1405365230
  identifier: 9780191991448
  identifier: 0191991449
  identifier: 9780198882749
  identifier: 0198882742
  identifier: 9780198882732
  identifier: 0198882734
  identifier: 9780198882756
  identifier: http://proxy.library.tamu.edu/login
  record info:
    record content source: STBDS
    record creation date: 240122
    record change date: 20260319204335.2
    record identifier: in00005726688
    language of cataloging:
      language term: eng