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Inglorious revolution : political institutions, sovereign debt, and financial underdevelopment in imperial Brazil /

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 show...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Summerhill, William R. (William Roderick) (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New Haven : Yale University Press, [2015]
Colección:Yale series in economic and financial history.
Temas:
Acceso en línea:Texto completo
Descripción
Sumario: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.--
Descripción Física:1 online resource (xiii, 342 pages) : illustrations
Bibliografía:Includes bibliographical references and index.
ISBN:9780300218619
0300218613