How Presidents Answer the Call of International Capital

How 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 tw...

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Autores: Arnold, Christian, Doyle, David, Wiesehomeier, Nina
Tipo de recurso: artículo
Fecha de publicación:2023
País:España
Institución:IE
Repositorio:Repositorio IE
OAI Identifier:oai:repositorio.ie.edu:20.500.14417/3515
Acceso en línea:https://doi.org/10.1177/1866802X231210581
https://hdl.handle.net/20.500.14417/3515
Access Level:acceso abierto
Palabra clave:59 Ciencia Política::5905 Vida política::5905.02 Comportamiento político
ODS 10 - Reducción de las desigualdades
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spelling How Presidents Answer the Call of International CapitalArnold, Christian Doyle, DavidWiesehomeier, Nina59 Ciencia Política::5905 Vida política::5905.02 Comportamiento políticoODS 10 - Reducción de las desigualdadesHow 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.yesPublishedSagehttps://ror.org/02jjdwm75202520252023info:eu-repo/semantics/articleapplication/pdfapplication/pdfhttps://doi.org/10.1177/1866802X231210581https://hdl.handle.net/20.500.14417/3515reponame:Repositorio IEinstname:IEInglésIE School of Politics, Economics & Global AffairsIE UniversityComparative PoliticsAttribution 4.0 Internationalhttps://creativecommons.org/licenses/by/4.0/deedinfo:eu-repo/semantics/openAccessoai:repositorio.ie.edu:20.500.14417/35152026-06-15T12:40:57Z
dc.title.none.fl_str_mv How Presidents Answer the Call of International Capital
title How Presidents Answer the Call of International Capital
spellingShingle How Presidents Answer the Call of International Capital
Arnold, Christian
59 Ciencia Política::5905 Vida política::5905.02 Comportamiento político
ODS 10 - Reducción de las desigualdades
title_short How Presidents Answer the Call of International Capital
title_full How Presidents Answer the Call of International Capital
title_fullStr How Presidents Answer the Call of International Capital
title_full_unstemmed How Presidents Answer the Call of International Capital
title_sort How Presidents Answer the Call of International Capital
dc.creator.none.fl_str_mv Arnold, Christian
Doyle, David
Wiesehomeier, Nina
author Arnold, Christian
author_facet Arnold, Christian
Doyle, David
Wiesehomeier, Nina
author_role author
author2 Doyle, David
Wiesehomeier, Nina
author2_role author
author
dc.contributor.none.fl_str_mv https://ror.org/02jjdwm75
dc.subject.none.fl_str_mv 59 Ciencia Política::5905 Vida política::5905.02 Comportamiento político
ODS 10 - Reducción de las desigualdades
topic 59 Ciencia Política::5905 Vida política::5905.02 Comportamiento político
ODS 10 - Reducción de las desigualdades
description How 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.
publishDate 2023
dc.date.none.fl_str_mv 2023
2025
2025
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://doi.org/10.1177/1866802X231210581
https://hdl.handle.net/20.500.14417/3515
url https://doi.org/10.1177/1866802X231210581
https://hdl.handle.net/20.500.14417/3515
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv IE School of Politics, Economics & Global Affairs
IE University
Comparative Politics
dc.rights.none.fl_str_mv Attribution 4.0 International
https://creativecommons.org/licenses/by/4.0/deed
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Attribution 4.0 International
https://creativecommons.org/licenses/by/4.0/deed
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Sage
publisher.none.fl_str_mv Sage
dc.source.none.fl_str_mv reponame:Repositorio IE
instname:IE
instname_str IE
reponame_str Repositorio IE
collection Repositorio IE
repository.name.fl_str_mv
repository.mail.fl_str_mv
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