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A data-driven investigation of the interaction between politics and finance in emerging markets, focusing on Latin America. Politics matter for financial markets and financial markets matter for politics, and nowhere is this relationship more apparent than in emerging markets. In Banking on Democracy, Javier Santiso investigates the links between politics and finance in countries that have recently experienced both economic and democratic transitions. He focuses on elections, investigating whether there is a "democratic premium"--whether financial markets and investors tend to react positively to elections in emerging markets. Santiso devotes special attention to Latin America, where over th...
This, says Santiso, is "the silent arrival of the political economy of the possible," which offers hope to a region exhausted by economic reform programs entailing macroeconomic shocks and countershocks."
Understanding Latin America's recent economic performance calls for a multidisciplinary analysis. This handbook looks at the interaction of economics and politics in the region and includes a number of contributions from top academic experts who have also served as key policy makers (a former president, ministers of finance, a central bank governor), reflecting upon the challenges of reform.
This book takes a cross-disciplinary look at the financial markets of emerging markets in Latin America. The author wants to disassemble the black box that is the financial market: what are the motivations and interests of the various actors, both institutional and individual?; How do these interact with each other?; How does this information help us understand the Mexican crisis in the 90s and the current crisis in Argentina? The author has conducted extensive interviews with brokers, asset managers, economists, strategists, and analysts in the US, UK, Europe, and Latin America, providing significant material for this study.
Comprises 15 papers which explore the prospects for international relations as a result of the combined impact of globalization and the end of the cold war. Includes discussions of nationalism, decision-making in foreign policy analysis, the development of the European Union, the international political economy, issues in war and peace and the role of international networks.
Latin America is looking towards China and Asia -- and China and Asia are looking right back. This is a major shift: for the first time in its history, Latin America can benefit from not one but three major engines of world growth. Until the 1980s ...
This book uses a multi-method approach to challenge the notion that financial markets exert a broad influence over economic policy making in emerging economies.
The book examines why and how global capitalism has entered a phase of unsustainable crises of accumulation and legitimacy, and looks at various solutions to such crises, from mild reform to radical overhaul. The book then examines the various scenarios from a Latin American perspective, arguing that different countries follow diverse paths in adapting to the crisis - with significantly different outcomes. Their common challenge is how to achieve economic growth with social inclusion.
Inviting in tone and organization but rigorous in its scholarship, this collection focuses on the problems, successes, and multiple forms of democracy in Latin America.
This volume examines the role of the military, the most influential actor in Pakistan, and challenges conventional wisdom on the causes of political instability in this geographically important nuclear state. It rejects views that ethnic and religious cleavages and perceived economic or political mismanagement by civilian governments triggers military intervention in Pakistan. The study argues instead that the military intervenes to remove civilian governments where the latter are perceived to be undermining the military’s institutional interests. Mazhar Aziz shows that the Pakistani military has become a parallel state, and given the extent of its influence, will continue to define the nature of governance within the polity. Overall, Military Control in Pakistan is a timely reminder and an important resource for both scholars and policy makers, clearly demonstrating the need to refocus attention on the problem of an influential military whilst drawing appropriate conclusions about issues ranging from democratic norms, political representation and civilian-military relations.