Tracing the origins of recent Latin American debt problems to the financial politics of the immediate post-independence period, Thomas Millington argues that the failure of Latin American states to fund their internal debts made them dependent on foreign credit. Negative political and social consequences remain today, he says, and suggests that debt management should move toward a funded debt goal and away from the floating debt framework that is endemic in Latin America. He uses the funding experience in Bolivia to illustrate his thesis.
Tracing the origins of recent Latin American debt problems to the financial politics of the immediate post-independence period, Thomas Millington argu...
This important new study relates the origin of the decline of republican politics in South America to the existence of monarchic rule in Brazil. Millington suggests that if the European-oriented monarchy in Brazil had been overthrown at the time of independence--something that the South American republics, led by Colombian power, had within their power to accomplish--the independence movements in Spanish South America would have been able to collaborate with emergent republican forces in Brazil in the construction of a continental, American-style system. By failing to challenge the...
This important new study relates the origin of the decline of republican politics in South America to the existence of monarchic rule in Brazil. Mi...
