The Company States Keep
International Economic Organizations and Investor Perceptions

This book argues that investor risk in emerging markets hinges on the company a country keeps. When a country signs on to an economic agreement with states that are widely known to be stable, it looks less risky. Conversely, when a country joins a group with more unstable members, it looks more risky. Investors use the company a country keeps as a heuristic in evaluating that country's willingness to honor its sovereign debt obligations. This has important implications for the study of international cooperation as well as of sovereign risk and credibility at the domestic level.

Awards

• Winner of the 2013 Lepgold Prize, Mortara Center for International Studies, Georgetown University

Reviews & endorsements

"This very creative book blends two important areas in international relations: the influence of international institutions and the effects of reputation. While the former has become a crucial part of the study of international relations, the latter is still not as central to the field as it should be. This book will be important for the fields of international organization and international political economy."
Jon Pevehouse, Professor of Political Science, University of Wisconsin, Madison

Customer reviews

Product details

• Date Published: July 2016
• format: Paperback
• isbn: 9781107566828
• length: 250 pages

• dimensions: 229 x 152 x 14 mm
• weight: 0.37kg
• contains: 7 b/w illus. 29 tables
• availability: Available