The International Monetary Fund, Party System Institutionalization, and Protest in Latin America

Author:

Béjar Sergio,Moraes Juan Andrés

Abstract

AbstractExtant studies have documented a positive correlation between country participation in International Monetary Fund–sponsored programs and collective protests in Latin America. However, anecdotal evidence indicates that there is a great deal of variation in the number of protests in recipient countries across the region. This article provides a theoretical argument that explains how the fund interacts with the level of party system institutionalization to affect the level of protest. The main prediction is that the level of protest decreases in recipient countries when the level of party system institutionalization is high. Empirical results from a sample of 16 Latin American democracies observed from 1982 to 2007 provide strong statistical and substantive support for the main hypothesis.

Publisher

Cambridge University Press (CUP)

Subject

Political Science and International Relations,Sociology and Political Science,Geography, Planning and Development

Reference100 articles.

1. International Monetary Fund (IMF). 2009. Review of Fund Facilities. www.imf.org

2. Social Fractionalization, Political Instability, and the Size of Government;Annett;IMF Staff Papers,2001

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1. Explaining presidential instability in Latin America: evidence from Brazil, Argentina and Ecuador;Review of Economics and Political Science;2021-08-03

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