Inglorious Revolution Political Institutions, Sovereign Debt, and Financial Underdevelopment in Imperial Brazil

Inglorious Revolution Political Institutions, Sovereign Debt, and Financial Underdevelopment in Imperial Brazil

By: William R. Summerhill (author)eBook
£66.35 RRP £78.00  You save £11.65 (15%)
Buy eBook  

Description

Nineteenth-century Brazil’s constitutional monarchy credibly committed to repay sovereign debt, borrowing repeatedly in international and domestic capital markets without default. Yet it failed to lay the institutional foundations that private financial markets needed to thrive. This study shows why sovereign creditworthiness did not necessarily translate into financial development.

“Using a vast array of archival evidence, Summerhill convincingly shows that political commitment to a secure public debt was neither necessary nor sufficient to insure financial development in nineteenth-century Brazil. A must-read for economic and financial historians and for anyone interested in the politics of financial development.” —Jean-Laurent Rosenthal, California Institute of Technology

Create a review

Product Details

Supported Platforms

  • Android   Epub DRM Yes
  • Ereader   Epub DRM Yes
  • Desktop   Epub DRM Yes
  • IOS   Epub DRM Yes
  • Windows   Epub DRM Yes

Please note: The price displayed here is for information only as it may differ from the price currently offered at Kobobooks.com.
Please confirm the price prior to purchasing your eBook from Kobobooks.com.

Close