Institutions, Partisanship and Credibility in Global Financial Markets

By: Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Routledge research in comparative politics ; 72Publisher: [Place of publication not identified] : Taylor and Francis Ltd, 2017Description: 1 Online-RessourceSubject(s): Additional physical formats: 113821485X | 9781138214859 | 1315445034. | 9781315445038. LOC classification:
  • HG3881
Online resources: Summary: "Democratic advantage" and sovereign credibilityCorruption, transparency, and democracy; Illiberal democracy, deliberative democracy, and sovereign credibility; Left-winggovernments, populism, and democracy; Institutional changes and perceived creditworthiness; Earlier findings on democracy, investment, and sovereign credibility; Quantitative and qualitative evidence; Effects of democracy on sovereign credibility; Government transparency and sovereign credibility; Institutional changes and creditworthiness; Cases: Venezuela under Chávez and Peru under Fujimori; ConclusionsSummary: 5 Political constraints and sovereign creditworthinessPolitical constraints and policy changes; Political constraints and sovereign credibility; Quantitative and qualitative evidence; Political constraints and sovereign credit ratings; Political constraints, status quo, and sovereign credibility; Case study: India's United Front versus National Democratic Alliance; Conclusions; 6 The IMF and sovereign creditworthiness; Investor confidence and IMF conditionality; IMF programs and investor confidence: the role of government partisanship; Quantitative and qualitative evidenceSummary: Cover; Title; Copyright; Dedication; Contents; Acknowledgements; 1 Institutions, partisanship and market perceptions; Market perceptions of the left in developing countries: a lesson from Lula 5; Institutions as a contingent signal of policy predictability; Plan of the book and the findings; Contribution of the book; Conclusions: embracing constraints to build credibility; 2 Sovereign credibility in global financial markets; Financial market integration and market volatility; Political risk in sovereign debt markets: perceived willingness to paySummary: Impact of IMF programs on sovereign credibilityEffects of signing a new IMF program on sovereign credibility; Case study: a tale of two Hungaries; Conclusions; 7 Conclusion: partisan politics and credibility in global financial markets; Implications for scholars: conditional effects of institutions on market perceptions; Implications for policymakers: embracing constraints for greater policy autonomy; Appendix 1: Interviews with financial market experts; Appendix 2.1: Data sources and summary statistics; Appendix 2.2: Countries in the sample; Appendix 3: Supplements to Chapter 3Summary: The brand name effect, negativity bias, and institutionsInstitutions as a contingent signal; Changes in institutional arrangements; Formal versus informal institutions; Assessing sovereign credibility: the role of credit ratings; Conclusions; 3 Leftist party government and perceived creditworthiness; Earlier debates on government partisanship and policy differences; Government partisanship and market perceptions; Empirical findings; Government partisanship and sovereign credibility; Governing party change and sovereign credibility; Conclusions; 4 Democracy and sovereign creditworthinessPPN: PPN: 898094429Package identifier: Produktsigel: ZDB-4-NLEBK
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