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

Published online by Cambridge University Press:  02 January 2018

Sergio Béjar  and
Juan Andrés Moraes
Sergio Béjar
Affiliation:
San Jose State University. [email protected]
Juan Andrés Moraes
Affiliation:
Universidad de la República. [email protected]
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Abstract

Extant 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.

Type
Research
Information
Latin American Politics and Society , Volume 58 , Issue 2 , Summer 2016 , pp. 26 - 48
Copyright
Copyright © University of Miami 2016

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