Banker to the third world : US portfolio investment in Latin America, 1900-1986 /
By the end of 1985, Latin Americans owed their foreign creditors 368 billion. That was nearly 1,000 for every man, woman, and child between the Rio Grande and Tierra del Fuego. The debt represented more than half of the region's gross domestic product, and interest payments alone consumed 36 pe...
| Main Author: | |
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| Format: | Licensed eBooks |
| Language: | English |
| Published: |
Oakland, CA :
University of California Press
2018.
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| Series: | UC Press voices revived.
Studies in international political economy ; 18. |
| Online Access: | https://www.jstor.org/stable/10.2307/jj.15280392 |
Table of Contents:
- Cover
- Series Editors
- Title Page
- Copyright
- Contents
- List of Tables
- List of Figures
- Acknowledgments
- Introduction
- Chapter One. Theories of Capital Export: Lessons from the British Experience
- Conceptualizing Capital Export
- Literature on British Capital Export
- Nineteenth-Century Britain Versus Twentieth-Century United States
- Modification of Hypotheses
- Chapter Two. U.S.-Latin American Financial Relations: A Historical Overview
- The Transition Period in International Finance: 1897-1919
- The First Lending Boom: 1920-30
- Default and the Private Bank Retreat: 1931-54
- Nonbank Capital Flows: 1955-69
- The Second Lending Boom: 1970-80
- Epilogue: The 1980s
- Conclusions
- Chapter Three. Characteristics of U.S. Portfolio Investment in Latin America
- Notes on the Data
- Periodization of Portfolio Investment
- Comparisons with Other Types of lnvestment
- Characteristics of Portfolio Investment
- Conclusions
- Chapter Four. Long-Term Trends in U.S. Portfolio Investment
- Supply Factors: Characteristics of the U.S. Economy
- Demand Factors: Characteristics of Latin American Economies
- Conclusions
- Chapter Five. Short-Term Fluctuations in U.S. Portfolio Investment
- Links Between U.S. and Latin American Economies
- The 1920s
- The 1970s
- Conclusions
- Chapter Six. The Lending Process: A Case Study of Peru
- The Beginning of U.S. Domination in Peru
- The First Loan Cycle: The Leguia Government, 1919-30
- Retreat of the Banks: 1931-68
- The Second Lending Cycle: The Military Government, 1968-78
- Epilogue: A New Lending Cycle
- Conclusions
- Chapter Seven. The Future in Historical Perspective
- U.S. Lending in the 1920s and 1970s
- U.S. Lending and Theories of Capital Export
- The Financial Crisis of the 1980s
- Appendixes. Statistical Data, Sources, and Methodology
- I. Capital Flow Series
- II. U.S. Economic Series
- III. Latin American Regional Economic Series
- IV. Latin American Country Economic Series
- V. Data Bank on International Loans
- Bibliography
- Index