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.
| Original language | English |
|---|---|
| Place of Publication | Oxford |
| Publisher | Oxford University Press |
| Number of pages | 182 |
| ISBN (Print) | 9780198882732 |
| Publication status | Published - 29 Feb 2024 |
Keywords
- sovereign debt
- government borrowing
- debt composition
- debt accumulation
- debt management offices
- partisan politics
- economic institutions
- bond markets
- official creditors
- international political economy