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Raise the Debt
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Raise the Debt: How Developing Countries Choose Their Creditors

Jonas B. Bunte

Abstract

Governments frequently borrow money. It is often assumed that it is creditors, and creditors alone, who determine what loans developing countries obtain. Yet this is only partially true: the data show that countries with the same credit rating, income levels, and degree of democracy exhibit a remarkable diversity in the types of creditors used. Some borrow from China, while others turn to the United States; some borrow from private investors, while others rely on multilateral institutions. Apparently, developing countries have some choice. Developing countries are not merely passive recipients ... More

Keywords: sovereign debt, government borrowing, developing country, bilateral loan, multilateral loan, interest group, China, BRICs, IMF, World Bank

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9780190866167
Published to Oxford Scholarship Online: February 2019 DOI:10.1093/oso/9780190866167.001.0001

Authors

Affiliations are at time of print publication.

Jonas B. Bunte, author
Assistant Professor of Political Science, University of Texas-Dallas