Debt Games: Strategic Interaction in International Debt Rescheduling

ISBN-13: 9780521352024 / Angielski / Twarda / 1996 / 632 str.

Vinod K. Grrarwal; Vinod K. Aggarwal

Opis

This book explains the significant variation that has emerged over time and across cases in international debt rescheduling during the past one hundred and seventy years. Based on a novel situational theory of bargaining, Professor Aggarwal's study provides a method to deduce actors' payoffs in different bargaining situations to develop "debt games," which are then used to predict negotiating outcomes. This integrated political-economic approach to analyze bargaining episodes goes beyond simple economic models or purely descriptive studies. In doing so, it contributes to international political and economic theory, game theory, and historical research on debt negotiations.

Recenzje

"It is well balanced, with a nice mix of abstract concepts, real world indicators, and empirical richness that goes beyond illustrative case studies. I have no doubt that one could make a different set of trade-offs between theoretical complexity and empirical applicability. But this impressive book should serve as a useful banchmark for years to come. Scholars and graduate students alike will find it to be a valuable source of modeling ideas that goes well beyond the examination of international debt rescheduling." Cedric Dupont, American political review

Spis treści

Preface; Overview; Part I. Argument: 1. Examining the importance of epochs; 2. Debt games and play: toward a model of debt rescheduling; 3. A situational theory of payoffs and intervention decisions; 4. A theory of situational change; Part II. Epoch 1: the 1820s to the 1860s: 5. The intersection of high and low politics: Mexican debt rescheduling, 1824 to 1867; 6. Guano makes the world go 'round: Peruvian debt rescheduling, 1823 to 1850s; Part III. Epoch 2: the 1860s to the 1910s: 7. From stability to chaos: Mexican debt rescheduling, 1867 to 1914; 8. To the victor go the spoils (and headaches): Peruvian debt rescheduling, 1875 to 1900s; Part IV. Epoch 3: the 1910s to the 1950s: 9. Riding on the storm: Mexican debt rescheduling, 1916 to 1942; 10. Years of false hope: Peruvian debt negotiations, 1930 to 1953; Part V. Epoch 4: the 1970s to the 1990s: 11. The good guys get tired: Mexico in the 1980s; 12. The politics of confrontation: Peru in the 1980s and 1990s; 13. Collision course: Argentina in the 1980s and 1990s; 14. The search for independence: Brazil in the 1980s and 1990s; Part VI. Implications: 15. Conclusion; Appendix; Bibliography.