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000891092 020__ $$a9783319736334$$q(electronic book)
000891092 020__ $$a3319736337$$q(electronic book)
000891092 020__ $$z9783319736327
000891092 035__ $$aSP(OCoLC)on1032374898
000891092 035__ $$aSP(OCoLC)1032374898
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000891092 049__ $$aISEA
000891092 050_4 $$aHG3891.5
000891092 08204 $$a336.3/4$$223
000891092 1001_ $$aWeller, Leonardo,$$eauthor.
000891092 24510 $$aSovereign debt crises and negotiations in Brazil and Mexico, 1888-1914 :$$bgovernments versus bankers /$$cLeonardo Weller.
000891092 264_1 $$aCham, Switzerland :$$bPalgrave Macmillan,$$c2018.
000891092 300__ $$a1 online resource.
000891092 336__ $$atext$$btxt$$2rdacontent
000891092 337__ $$acomputer$$bc$$2rdamedia
000891092 338__ $$aonline resource$$bcr$$2rdacarrier
000891092 504__ $$aIncludes bibliographical references and index.
000891092 5050_ $$aIntro; Preface; Acknowledgements; Contents; List of Figures; List of Tables; Part I Governments versus Bankers; Chapter 1 Introduction; Governments and Banks in the First Financial Globalisation; The Pre-1914 Sovereign Debt Market; Book Outline; Part I-Governments versus Bankers; Parts II-Brazil versus Rothschilds; Part III-Mexico versus Mediocre Banks; References; Chapter 2 Governments versus Bankers in the Pre-1914 Sovereign Debt Market; Theory and History of Sovereign Debt; Rescue Loans and the Government's Side of Sovereign Debt; The Government's Choice: Patron Banking or Competition
000891092 5058_ $$aAnalytical FrameworkConclusion; References; Part II Brazil versus Rothschilds; Chapter 3 Rothschilds' Tropical Empire: Brazil, 1822-1889; Rothschilds Picks a Tropical Empire; Brazil's First Crisis and Rescue Loan; The Return of Rothschilds; Paraguayan War and Debt Boom; The Falling Empire and Its Exposed Bank; Conclusion; References; Chapter 4 Rothschilds' Troubled Republic: Brazil, 1889-1898; Regime Change, Chaos and Stabilisation; The Fiscal Collapse; Rothschilds' Credit Umbrella; Brazil as a Free Rider; The Funding Loan as Shared Policy Ownership; Rothschilds as a Power Broker; Conclusion
000891092 5058_ $$aConclusionReferences; Chapter 7 The Bankers' Beloved Dictatorship: Mexico, 1890-1910; The Establishment of a Reputation; Gaining the Upper Hand: The 1899 Loan; Mexico Goes to New York: The 1904 Loan; Porfiriato's Finest Hour: The 1910 Loan; Conclusion; References; Chapter 8 The Loans of the Revolution: Mexico, 1911-1914; The Mexican Revolution; The Fiscal Impact of the Revolution; The 1913 Loan; Paribas, Asymmetry of Information and Conflict of Interest; Speyers and the Nacional Railway; Conclusion; References; Chapter 9 Conclusion; Appendix: Data and Sources; References; Index
000891092 506__ $$aAccess limited to authorized users.
000891092 520__ $$aThis book analyzes the relative balance of bargaining power between governments and the banks in charge of underwriting their debt during the first financial globalization. Brazil and Mexico, both indebted countries that underwent major changes in reputation and negotiating power as they faced financial crises, provide valuable case studies of government strategies for obtaining the best possible outcomes. Previous literature has focused on bankers' perspectives and emphasized that debtors were submissive during negotiations, but Weller finds that governments' negotiating power varied over time. He presents a new analytical framework that interprets when and why officials were likely to negotiate loans more or less effectively, with newly uncovered primary sources from debtors' and creditors' archives suggesting key causes of variation: fiscal accounts, political stability, and creditors' exposure and reputation.
000891092 588__ $$aOnline resource; title from PDF title page (viewed April 27, 2018).
000891092 650_0 $$aFinancial crises$$xHistory.
000891092 650_0 $$aDebts, External$$zBrazil$$xHistory.
000891092 650_0 $$aDebts, External$$zMexico$$xHistory.
000891092 650_0 $$aMonetary policy.
000891092 77608 $$iPrint version:$$z9783319736327
000891092 85280 $$bebk$$hSpringerLink
000891092 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-3-319-73633-4$$zOnline Access$$91397441.1
000891092 909CO $$ooai:library.usi.edu:891092$$pGLOBAL_SET
000891092 980__ $$aEBOOK
000891092 980__ $$aBIB
000891092 982__ $$aEbook
000891092 983__ $$aOnline
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