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

Governments versus Bankers

Authors: Weller, Leonardo

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  • Addresses the pre-1914 sovereign debt market from both creditors' and borrowing governments' perspectives
  • Presents new primary documents that bolster opinions of Brazil and Mexican government negotiation effectiveness
  • Proposes a new analytical framework to conceptualize how factors determined the relative power between governments and creditors
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eBook 95,19 €
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  • ISBN 978-3-319-73633-4
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Hardcover 123,04 €
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  • ISBN 978-3-319-73632-7
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  • Usually dispatched within 3 to 5 business days.
Softcover 123,04 €
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  • ISBN 978-3-030-08824-8
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  • Usually dispatched within 3 to 5 business days.
About this book

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. 

About the authors

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.

Table of contents (9 chapters)

Table of contents (9 chapters)

Buy this book

eBook 95,19 €
price for Germany (gross)
  • ISBN 978-3-319-73633-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 123,04 €
price for Germany (gross)
  • ISBN 978-3-319-73632-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover 123,04 €
price for Germany (gross)
  • ISBN 978-3-030-08824-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Sovereign Debt Crises and Negotiations in Brazil and Mexico, 1888-1914
Book Subtitle
Governments versus Bankers
Authors
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-73633-4
DOI
10.1007/978-3-319-73633-4
Hardcover ISBN
978-3-319-73632-7
Softcover ISBN
978-3-030-08824-8
Edition Number
1
Number of Pages
XX, 183
Number of Illustrations
8 b/w illustrations
Topics