The Best Ways To Teach Primary Science - 9780300139273

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

• | Author: William Roderick Summerhill
• | Publisher: Open University Press
• | Publication Date: Oct 06, 2015
• | Number of Pages: 226 pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 0300139276
• | ISBN-13: 9780300139273