Raise the Debt —— How Developing Countries Choose Their Creditors

----- 提高债务:发展中国家如何选择债权人

ISBN: 9780190866174 出版年：2019 页码：297 Bunte, Jonas B Oxford University Press

Why do some governments borrow from China, while others borrow from the United States or the International Monetary Fund (IMF)? This book systematically explains how governments choose among competing loan offers. As the strings attached to loans vary across creditors, domestic interest groups prefer one type of creditor to the other. However, interest groups disagree about which creditor is preferable. Governments cater to whichever domestic interest group coalition is dominant by borrowing from the coalition's preferred creditor. The book offers evidence from Ecuador, Peru, and Colombia as well as an extensive statistical analysis. The results show that borrowing portfolios around the world reflect the relative strength of societal interest groups.