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How states shape markets in Latin America

Record Type:	Language materials, printed : Monograph/item
Title/Author:	How states shape markets in Latin America/ by Tomás Bril Mascarenhas.
Author:	Bril Mascarenhas, Tomás.
Published:	Cham :Springer Nature Switzerland : : 2025.,
Description:	xix, 414 p. :ill., digital ; : 24 cm.;
Contained By:	Springer Nature eBook
Subject:	Capital market - Government policy - Latin America. -
Online resource:	https://doi.org/10.1007/978-3-032-05938-3
ISBN:	9783032059383

How states shape markets in Latin America
Bril Mascarenhas, Tomás.

How states shape markets in Latin America[electronic resource] /by Tomás Bril Mascarenhas. - Cham :Springer Nature Switzerland :2025. - xix, 414 p. :ill., digital ;24 cm. - Latin American political economy,2945-7084. - Latin American political economy..

Chapter 1: Introduction -- Chapter 2: The Within-State Politics of Policymaking: Entrepreneurial Political Técnicos in the Configuration of National Financial Systems -- Chapter 3: The Politics of State Involvement in Credit Markets in Brazil -- Chapter 4: The Politics of State Involvement in Credit Markets in Chile -- Chapter 5: The Politics of State Involvement in Capital Markets in Brazil -- Chapter 6: The Politics of State Involvement in Capital Markets in Chile -- Chapter 7: Implications.

"For too long, finance has been neglected in broader debates over the political economy of development in Latin America. Tomás Bril Mascarenhas' deeply researched and theoretically innovative book takes a major step in redressing that neglect and in bringing finance front and center. To explain the key differences among Brazil, Chile, and Argentina, Bril Mascarenhas takes us into the state to witness the bureaucratic politics that set these countries on different financial trajectories. Clear, well-written, and compelling, this book deserves careful reading by students of Latin America and beyond." Ben Ross Schneider, Ford International Professor of Political Science and Faculty Director MIT Chile, MIT Why have Latin American countries developed sharply divergent financial systems-and how do these systems shape national growth strategies? While Chile built large capital markets and Brazil expanded long-term credit for firms, Argentina lags behind in both. What explains this variation? This book uncovers the political origins of national financial systems by examining how coalitions of executive-branch officials reconfigure markets through two levers: the governance of the pension system and the deployment of state-owned banks as long-term lenders. In Chile, neoliberal técnicos dismantled the state's capacity as a lender and set up regulation inducing private pension funds to invest in domestic equity and bonds. In Brazil, a developmental coalition expanded BNDES and activated state-owned-enterprise pension funds as institutional investors. By tracing how political struggles inside the state shape markets, the book offers an innovative view of statecraft and marketcraft in Latin America. It speaks to scholars of political economy-and to policy entrepreneurs working on development across the Global South. Tomás Bril Mascarenhas (Ph.D., University of California, Berkeley) specializes in the comparative political economy of development. He is a Principal Researcher at the Argentine think tank Fundar.

ISBN: 9783032059383

Standard No.: 10.1007/978-3-032-05938-3doiSubjects--Topical Terms:

1502568
Capital market
--Government policy--Latin America.

LC Class. No.: HG5160.5.A3

Dewey Class. No.: 332.6732098

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