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How Presidents Answer the Call of International Capital

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dc.contributor.authorArnold, Christian
dc.contributor.authorDoyle, David
dc.contributor.authorWiesehomeier, Nina
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2025-02-03T15:42:50Z
dc.date.available2025-02-03T15:42:50Z
dc.date.issued2023-11-01
dc.description.abstractHow do governments manage expectations from international capital keen on pressuring them into adopting market-oriented economic policies during times of crises? Studying executive communication in 267 annual state-of-the-union speeches in 12 Latin American countries between 1980 and 2014 reveals two broad options for strategic position-taking on economic policies. First, when times are dire, presidents not only talk more about the economy and less about social policy, but they also attempt to repurpose other policies as an investment in development. Second, economic turmoil encourages presidents to signal policies, which are appealing to international capital owners. However, while currency crises exert more enduring pressure, the effects of loan crises are more fleeting. Our results are particularly relevant to all who seek to understand how governments use public statements to address pressures from financial markets.
dc.description.peerreviewedyes
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationArnold, C., Doyle, D., & Wiesehomeier, N. (2023). How presidents answer the call of international capital. Journal of Politics in Latin America, 15(3), 262-286. https://doi.org/10.1177/1866802X231210581
dc.identifier.doihttps://doi.org/10.1177/1866802X231210581
dc.identifier.issn1868-4890
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3515
dc.issue.number3
dc.journal.titleJournal of Politics in Latin America
dc.language.isoen
dc.page.final286
dc.page.initial262
dc.page.total24
dc.publisherSage
dc.relation.departmentComparative Politics
dc.relation.entityIE University
dc.relation.schoolIE School of Politics, Economics & Global Affairs
dc.rightsAttribution 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/deed
dc.titleHow Presidents Answer the Call of International Capital
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dc.volume.number15
dspace.entity.typePublication
relation.isAuthorOfPublication4fcebec6-0f61-4f90-9c0f-4de418487a2e
relation.isAuthorOfPublication.latestForDiscovery4fcebec6-0f61-4f90-9c0f-4de418487a2e
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