Democracy, dictatorship, and default: urban-rural bias and economic crises across regimes
The International Monetary Fund (IMF) predicts that, in the coming years, more than fifty countries are at risk of default. Yet we understand little about the political determinants of this decision to renege on promises to international creditors. This book develops and tests a unified theory of ho...
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| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, United Kingdom ; New York, USA ; Port Melbourne, Australia ; New Delhi, India ; Singapore
Cambridge University Press
2020
|
| Schlagworte: | |
| Online-Zugang: | BSB01 FUBA1 UBG01 Volltext |
| Zusammenfassung: | The International Monetary Fund (IMF) predicts that, in the coming years, more than fifty countries are at risk of default. Yet we understand little about the political determinants of this decision to renege on promises to international creditors. This book develops and tests a unified theory of how domestic politics explains sovereign default across dictatorships and democracies. Professor Ballard-Rosa argues that both democratic and autocratic governments will choose to default when it is necessary for political survival; however, regime type has a significant impact on what specific kinds of threats leaders face. While dictatorships are concerned with avoiding urban riots, democratic governments are concerned with losing elections, in particular the support of rural voting blocs. Using cross-national data and historical case studies, Ballard-Rosa shows that leaders under each regime type are more likely to default when doing so allows them to keep funding costly policies supporting critical bases of support |
| Beschreibung: | 1 Online-Ressource (xii, 197 Seiten) Illustrationen |
| ISBN: | 9781108871310 |
| DOI: | 10.1017/9781108871310 |
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| 520 | |a The International Monetary Fund (IMF) predicts that, in the coming years, more than fifty countries are at risk of default. Yet we understand little about the political determinants of this decision to renege on promises to international creditors. This book develops and tests a unified theory of how domestic politics explains sovereign default across dictatorships and democracies. Professor Ballard-Rosa argues that both democratic and autocratic governments will choose to default when it is necessary for political survival; however, regime type has a significant impact on what specific kinds of threats leaders face. While dictatorships are concerned with avoiding urban riots, democratic governments are concerned with losing elections, in particular the support of rural voting blocs. Using cross-national data and historical case studies, Ballard-Rosa shows that leaders under each regime type are more likely to default when doing so allows them to keep funding costly policies supporting critical bases of support | ||
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| 650 | 4 | |a Dictatorship / Economic aspects | |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1017/9781108871310 |
| format | Electronic eBook |
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| id | DE-604.BV046855299 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T15:11:07Z |
| indexdate | 2024-07-10T08:55:41Z |
| institution | BVB |
| isbn | 9781108871310 |
| language | English |
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| spelling | Ballard-Rosa, Cameron 1982- Verfasser (DE-588)1216048789 aut Democracy, dictatorship, and default urban-rural bias and economic crises across regimes Cameron Ballard-Rosa, University of North Carolina at Chapel Hill Cambridge, United Kingdom ; New York, USA ; Port Melbourne, Australia ; New Delhi, India ; Singapore Cambridge University Press 2020 1 Online-Ressource (xii, 197 Seiten) Illustrationen txt rdacontent c rdamedia cr rdacarrier The International Monetary Fund (IMF) predicts that, in the coming years, more than fifty countries are at risk of default. Yet we understand little about the political determinants of this decision to renege on promises to international creditors. This book develops and tests a unified theory of how domestic politics explains sovereign default across dictatorships and democracies. Professor Ballard-Rosa argues that both democratic and autocratic governments will choose to default when it is necessary for political survival; however, regime type has a significant impact on what specific kinds of threats leaders face. While dictatorships are concerned with avoiding urban riots, democratic governments are concerned with losing elections, in particular the support of rural voting blocs. Using cross-national data and historical case studies, Ballard-Rosa shows that leaders under each regime type are more likely to default when doing so allows them to keep funding costly policies supporting critical bases of support Debts, Public / Political aspects Financial crises / Political aspects Rural-urban relations / Political aspects Democracy / Economic aspects Dictatorship / Economic aspects Erscheint auch als Druck-Ausgabe, Hardcover 978-1-108-83649-4 Erscheint auch als Druck-Ausgabe, Paperback 978-1-108-81913-8 https://doi.org/10.1017/9781108871310 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Ballard-Rosa, Cameron 1982- Democracy, dictatorship, and default urban-rural bias and economic crises across regimes Debts, Public / Political aspects Financial crises / Political aspects Rural-urban relations / Political aspects Democracy / Economic aspects Dictatorship / Economic aspects |
| title | Democracy, dictatorship, and default urban-rural bias and economic crises across regimes |
| title_auth | Democracy, dictatorship, and default urban-rural bias and economic crises across regimes |
| title_exact_search | Democracy, dictatorship, and default urban-rural bias and economic crises across regimes |
| title_exact_search_txtP | Democracy, dictatorship, and default urban-rural bias and economic crises across regimes |
| title_full | Democracy, dictatorship, and default urban-rural bias and economic crises across regimes Cameron Ballard-Rosa, University of North Carolina at Chapel Hill |
| title_fullStr | Democracy, dictatorship, and default urban-rural bias and economic crises across regimes Cameron Ballard-Rosa, University of North Carolina at Chapel Hill |
| title_full_unstemmed | Democracy, dictatorship, and default urban-rural bias and economic crises across regimes Cameron Ballard-Rosa, University of North Carolina at Chapel Hill |
| title_short | Democracy, dictatorship, and default |
| title_sort | democracy dictatorship and default urban rural bias and economic crises across regimes |
| title_sub | urban-rural bias and economic crises across regimes |
| topic | Debts, Public / Political aspects Financial crises / Political aspects Rural-urban relations / Political aspects Democracy / Economic aspects Dictatorship / Economic aspects |
| topic_facet | Debts, Public / Political aspects Financial crises / Political aspects Rural-urban relations / Political aspects Democracy / Economic aspects Dictatorship / Economic aspects |
| url | https://doi.org/10.1017/9781108871310 |
| work_keys_str_mv | AT ballardrosacameron democracydictatorshipanddefaulturbanruralbiasandeconomiccrisesacrossregimes |