Central Banking in Developing Countries

Central Banking in Developing Countries PDF Author: Álvaro Almeida
Publisher: Routledge
ISBN: 1134759746
Category : Business & Economics
Languages : en
Pages : 234

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Book Description
This book examines the current state of central banking in 44 developing countries. The authors analyse the banks' achievement in their primary objective of price stability and discuss the reasons behind the general lack of success. The book covers: * government financing * foreign exchange systems * domestic banking systems. Rich in data, the book

Central Banking in Developing Countries

Central Banking in Developing Countries PDF Author: Álvaro Almeida
Publisher: Routledge
ISBN: 1134759746
Category : Business & Economics
Languages : en
Pages : 234

Get Book Here

Book Description
This book examines the current state of central banking in 44 developing countries. The authors analyse the banks' achievement in their primary objective of price stability and discuss the reasons behind the general lack of success. The book covers: * government financing * foreign exchange systems * domestic banking systems. Rich in data, the book

Gatekeepers of Growth

Gatekeepers of Growth PDF Author: Sylvia Maxfield
Publisher: Princeton University Press
ISBN: 1400822289
Category : Business & Economics
Languages : en
Pages : 198

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Book Description
Central banks can shape economic growth, affect income distribution, influence a country's foreign relations, and determine the extent of its democracy. While there is considerable literature on the political economy of central banking in OECD countries, this is the first book-length study focused on central banking in emerging market countries. Surveying the dramatic worldwide trend toward increased central bank independence in the 1990s, the book argues that global forces must be at work. These forces, the book contends, center on the character of international financial intermediation. Going beyond an explanation of central bank independence, Sylvia Maxfield posits a general framework for analyzing the impact of different types of international capital flows on the politics of economic policymaking in developing countries. The book suggests that central bank independence in emerging market countries does not spring from law but rather from politics. As long as politicians value them, central banks will enjoy independence. Central banks are most likely to be independent in developing countries when politicians desire international creditworthiness. Historical analyses of central banks in Brazil, Mexico, South Korea, and Thailand, and quantitative analyses of a larger sample of developing countries corroborate this investor signaling explanation of broad trends in central bank status.

Gatekeepers of Growth

Gatekeepers of Growth PDF Author: Sylvia Maxfield
Publisher: Princeton University Press
ISBN: 1400822289
Category : Business & Economics
Languages : en
Pages : 198

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Book Description
Central banks can shape economic growth, affect income distribution, influence a country's foreign relations, and determine the extent of its democracy. While there is considerable literature on the political economy of central banking in OECD countries, this is the first book-length study focused on central banking in emerging market countries. Surveying the dramatic worldwide trend toward increased central bank independence in the 1990s, the book argues that global forces must be at work. These forces, the book contends, center on the character of international financial intermediation. Going beyond an explanation of central bank independence, Sylvia Maxfield posits a general framework for analyzing the impact of different types of international capital flows on the politics of economic policymaking in developing countries. The book suggests that central bank independence in emerging market countries does not spring from law but rather from politics. As long as politicians value them, central banks will enjoy independence. Central banks are most likely to be independent in developing countries when politicians desire international creditworthiness. Historical analyses of central banks in Brazil, Mexico, South Korea, and Thailand, and quantitative analyses of a larger sample of developing countries corroborate this investor signaling explanation of broad trends in central bank status.

Central Banking in Developing Countries

Central Banking in Developing Countries PDF Author: A. Chandavarkar
Publisher: Springer
ISBN: 0230371507
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
This is a comprehensive state-of-the-art survey which analyzes institutions, policies and issues of central banking in developing countries including interest-free Islamic and transition economies. It discusses objectives and functions; monetary, exchange, supervisory and developmental roles; financial liberalization; informal finance; causes and implications of central bank losses. It critically evaluates currency boards, central bank independence, ceilings on government credit and suggests radical organizational reforms, divestiture of quasi-fiscal activities and partial privatization of central banks.

Should Developing Countries Have Central Banks?

Should Developing Countries Have Central Banks? PDF Author: Kurt Schuler
Publisher: Research Monograph Institute o
ISBN:
Category : Business & Economics
Languages : en
Pages : 140

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Book Description
Gathers evidence to determine whether or not countries with central banks can claim superior economic performance to those with other monetary systems (such as currency boards, monetary institutes, free banking, or 'dollarisation').

The Political Economy of Central Banking in Emerging Economies

The Political Economy of Central Banking in Emerging Economies PDF Author: Mustafa Yağcı
Publisher: Routledge
ISBN: 1000164772
Category : Business & Economics
Languages : en
Pages : 222

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Book Description
Since the start of the Global Financial Crisis in 2008, research on central banking has gained momentum due to unusual levels of central bank activism and unconventional monetary policy measures in many countries. While these policies drew significant attention to advanced economy central banks, there has been much less academic focus on central banking in emerging economies. This book extends the research on the political economy of central banking by focusing on the emerging economies in Asia, Africa, Latin America, and the European periphery. Central banks are at the heart of economic policymaking, and their decisions have a significant impact on the social and economic well-being of citizens. Adopting an interdisciplinary political economy perspective, the contributions in this book explore the reciprocal relations between politics, economics, and central banks, and how the global and domestic political economy contexts influence central bank practices. The chapters employ diverse theoretical perspectives such as institutional and organizational theory, developmental state resource dependency, and gender studies, drawing on disciplines ranging from politics, international relations, public policy, management, finance, and sociology. This book will appeal to academics and students of central banking, political economy, and emerging economies, as well as professionals and policymakers engaged with central banks, monetary policy, and economic development.

Central Banking and Economic Development

Central Banking and Economic Development PDF Author: Maxwell J. Fry
Publisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 60

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Book Description


Money and Monetary Policy in Less Developed Countries

Money and Monetary Policy in Less Developed Countries PDF Author: Warren L. Coats
Publisher: Elsevier
ISBN: 148315730X
Category : Business & Economics
Languages : en
Pages : 842

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Book Description
Money and Monetary Policy in Less Developed Countries: A Survey of Issues and Evidence focuses on monetary policy, the financial intermediation process, and the role of money in economic development in less developed countries (LDCs). Topics covered include financial development and economic growth in underdeveloped countries; instruments and techniques used in the implementation of monetary policy: and econometric policy models. This book is comprised of 46 chapters and begins with a discussion on the main lines of thought in the field of money and monetary policy in LDCs, with emphasis on the significant empirical results. The reader is then introduced to the role of money in the development process; production and monetization in the subsistence sector; some aspects of financial policies and central banking in developing countries; and the efficacy of monetary rules for LDCs. The subsequent chapters explore monetary policy instruments such as interest rates, credit controls, and exchange rates; credit policy and the balance of payments in developing countries; and price and output behavior in the Indian economy from 1951 to 1973. A semiannual macroeconometric model of the Philippines for the period 1967-1976 is also described. This monograph will be a valuable resource for economists, economic policymakers, and central bankers as well as students.

Money, Interest, and Banking in Economic Development

Money, Interest, and Banking in Economic Development PDF Author: Maxwell J. Fry
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 596

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Book Description
Examines monetary and financial policies and their effects on rates of economic growth in developing countries and describes balanced assessment of the role of money, banking and finance in the process of economic development.

Central Banking in Developing Countries

Central Banking in Developing Countries PDF Author: Anand G. Chandavarkar
Publisher: Palgrave Macmillan
ISBN: 9780312163525
Category : Business & Economics
Languages : en
Pages : 289

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Book Description