Raise the Debt

Know about the book -

Raise the Debt is written by Jonas B. Bunte and published by Oxford University Press. It's available with International Standard Book Number or ISBN identification 0190866195 (ISBN 10) and 9780190866198 (ISBN 13).

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.