Inglorious Revolution

Inglorious Revolution

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

eBook - 2015
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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.--
Publisher: New Haven :, Yale University Press,, [2015]
Copyright Date: ©2015
ISBN: 9780300218619
0300218613
Characteristics: 1 online resource (xiii, 342 pages) : illustrations
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