eBook - PDF
The Politics of Market Discipline in Latin America
Globalization and Democracy
- 256 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
About this book
The Politics of Market Discipline in Latin America uses a multi-method approach to challenge the conventional wisdom that financial markets impose broad and severe constraints over leftist economic policies in emerging market countries. It shows, rather, that in Latin America, this influence varies markedly among countries and over time, depending on cycles of currency booms and crises exogenous to policy making. Market discipline is strongest during periods of dollar scarcity, which, in low-savings commodity-exporting countries, occurs when commodity prices are high and international interest rates low. In periods of dollar abundance, when the opposite happens, the market's capacity to constrain leftist governments is very limited. Ultimately, Daniela Campello argues that financial integration should force the Left toward the center in economies less subject to these cycles, but not in those most vulnerable to them.
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Information
Table of contents
- Cover
- Half-title
- Title page
- Copyright information
- Dedication page
- Table of contents
- List of illustrations
- List of tables
- Acknowledgments
- 1 Globalization, Democracy, and Market Discipline
- 2 Between Votes and Capital: Redistribution and Uncertainty in Unequal Democracies
- 3 Investors' "Vote'' in Presidential Elections
- 4 The Politics of Currency Booms and Crises: Explaining the Influence of Investors' "Vote''
- 5 Currency Crisis, Policy Switch, and Ideological Convergence in Brazil
- 6 Exogenous Shocks and Investors' Political Clout in Ecuador
- 7 One President, Different Scenarios: Crisis, Boom, and Market Discipline in Venezuela
- 8 "Vivir con Lo Nuestro'': Default and Market Discipline in Argentina
- 9 Who Governs? Market Discipline in the Developed World
- 10 Conclusion: Markets' Vote and Democratic Politics
- References
- Index
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Yes, you can access The Politics of Market Discipline in Latin America by Daniela Campello in PDF and/or ePUB format, as well as other popular books in Politics & International Relations & Politics. We have over 1.5 million books available in our catalogue for you to explore.