Banking on the State

Banking on the State PDF Author: Hicham Safieddine
Publisher: Stanford University Press
ISBN: 1503609685
Category : History
Languages : en
Pages : 332

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Book Description
In 1943, Lebanon gained its formal political independence from France; only after two more decades did the country finally establish a national central bank. Inaugurated on April 1, 1964, the Banque du Liban (BDL) was billed by Lebanese authorities as the nation's primary symbol of economic sovereignty and as the last step towards full independence. In the local press, it was described as a means of projecting state power and enhancing national pride. Yet the history of its founding—stretching from its Ottoman origins in mid-nineteenth century up until the mid-twentieth—tells a different, more complex story. Banking on the State reveals how the financial foundations of Lebanon were shaped by the history of the standardization of economic practices and financial regimes within the decolonizing world. The system of central banking that emerged was the product of a complex interaction of war, economic policies, international financial regimes, post-colonial state-building, global currents of technocratic knowledge, and private business interests. It served rather than challenged the interests of an oligarchy of local bankers. As Hicham Safieddine shows, the set of arrangements that governed the central bank thus was dictated by dynamics of political power and financial profit more than market forces, national interest or economic sovereignty.

Banking on the State

Banking on the State PDF Author: Hicham Safieddine
Publisher: Stanford University Press
ISBN: 1503609685
Category : History
Languages : en
Pages : 332

Get Book Here

Book Description
In 1943, Lebanon gained its formal political independence from France; only after two more decades did the country finally establish a national central bank. Inaugurated on April 1, 1964, the Banque du Liban (BDL) was billed by Lebanese authorities as the nation's primary symbol of economic sovereignty and as the last step towards full independence. In the local press, it was described as a means of projecting state power and enhancing national pride. Yet the history of its founding—stretching from its Ottoman origins in mid-nineteenth century up until the mid-twentieth—tells a different, more complex story. Banking on the State reveals how the financial foundations of Lebanon were shaped by the history of the standardization of economic practices and financial regimes within the decolonizing world. The system of central banking that emerged was the product of a complex interaction of war, economic policies, international financial regimes, post-colonial state-building, global currents of technocratic knowledge, and private business interests. It served rather than challenged the interests of an oligarchy of local bankers. As Hicham Safieddine shows, the set of arrangements that governed the central bank thus was dictated by dynamics of political power and financial profit more than market forces, national interest or economic sovereignty.

Central Banking as State Building

Central Banking as State Building PDF Author: Yusuke Takagi
Publisher: NUS Press
ISBN: 9814722111
Category : Business & Economics
Languages : en
Pages : 238

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Book Description
From its creation in 1949 until the 1960s, the Central Bank of the Philippines dominated industrial policy by means of exchange controls, becoming a symbol of nationalism for a newly independent state. The pre-war Philippine National Bank was closely linked to the colonial administration and plagued by corruption scandals. As the country moved toward independence, ambitious young politicians, colonial bureaucrats, and private sector professionals concluded that economic decolonization required a new bank at the heart of the country’s finances in order to break away from the individuals and institutions that dominated the colonial economy. Positioning this bank within broader political structures, Yusuke Takagi concludes that the Filipino policy makers behind the Central Bank worked not for vested interests associated with colonial or neo-colonial rule but for structural reform based on particular policy ideas.

Unelected Power

Unelected Power PDF Author: Paul Tucker
Publisher: Princeton University Press
ISBN: 0691196303
Category : Business & Economics
Languages : en
Pages : 662

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Book Description
Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.

Fragile by Design

Fragile by Design PDF Author: Charles W. Calomiris
Publisher: Princeton University Press
ISBN: 0691168350
Category : Business & Economics
Languages : en
Pages : 584

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Book Description
Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues. Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.

Banking on Freedom

Banking on Freedom PDF Author: Shennette Garrett-Scott
Publisher: Columbia University Press
ISBN: 0231545215
Category : History
Languages : en
Pages : 197

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Book Description
Between 1888 and 1930, African Americans opened more than a hundred banks and thousands of other financial institutions. In Banking on Freedom, Shennette Garrett-Scott explores this rich period of black financial innovation and its transformative impact on U.S. capitalism through the story of the St. Luke Bank in Richmond, Virginia: the first and only bank run by black women. Banking on Freedom offers an unparalleled account of how black women carved out economic, social, and political power in contexts shaped by sexism, white supremacy, and capitalist exploitation. Garrett-Scott chronicles both the bank’s success and the challenges this success wrought, including extralegal violence and aggressive oversight from state actors who saw black economic autonomy as a threat to both democratic capitalism and the social order. The teller cage and boardroom became sites of activism and resistance as the leadership of president Maggie Lena Walker and other women board members kept the bank grounded in meeting the needs of working-class black women. The first book to center black women’s engagement with the elite sectors of banking, finance, and insurance, Banking on Freedom reveals the ways gender, race, and class shaped the meanings of wealth and risk in U.S. capitalism and society.

Non-Negotiable

Non-Negotiable PDF Author: Sam Silverstein
Publisher: Sound Wisdom
ISBN: 0768407257
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
Do you ever find yourself questioning what you believe around issues that impact your life and business? Do you ever feel lost in your decisions? Are you ever frustrated in your lack of ability to take your life or business exactly where you know you want to go? Non-Negotiable is all about understanding what you believe, what you can control, what your mission is and ultimately taking your convictions to the level of Non-Negotiable. Based on the real life story of J. Pat Hickman, a man with a purpose, and the bank he leads, Happy State Bank, you will see firsthand what success looks like. Sam Silverstein, champion of accountability, presents the inspiring story of how J. Pat Hickman transformed a sleepy small town bank from one location and $10 million in assets into 34 locations and over $2.5 billion in assets by knowing what he believes and not negotiating on what he holds dear. In the process, he assembled a team of leaders that understand what great culture looks like and a bank full of motivated people who love what they do. Read this book to: Discover and define your own Non-Negotiables Energize your ability to avoid distractions and make important decisions Establish a culture that promotes personal and organizational accountability Understand the power of true accountability Unleash the power of knowing what it is you truly believe

Corporate Governance of State-Owned Enterprises

Corporate Governance of State-Owned Enterprises PDF Author: World Bank Publications
Publisher: World Bank Publications
ISBN: 1464802297
Category : Business & Economics
Languages : en
Pages : 391

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Book Description
This Toolkit provides an overall framework with practical tools and information to help policymakers design and implement corporate governance reforms for state-owned enterprises. It concludes with guidance on managing the reform process, in particular how to prioritize and sequence reforms, build capacity, and engage with stakeholders.

The Banking Swindle

The Banking Swindle PDF Author: Kerry Bolton
Publisher: Black House Publishing
ISBN: 9781908476845
Category : Banks and banking
Languages : en
Pages : 194

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Book Description
The Banking Swindle is not an economic textbook filled with technical jargon that only serves to obscure important issues. Rather, this is a book intended to explain in a straight-forward manner the way private banking interests - which have no loyalty to anything other than to greed - create credit and money as profit-making commodities which has driven individuals, businesses and entire states to ruin through debt. As importantly, The Banking Swindle examines the many communities and states that have rejected the fraudulent banking system, and sometimes had to fight to do so, and brought prosperity where there was destitution, by taking issuing money and credit for their legitimate purpose: as mere tokens for the exchange of goods and work, debt-free. The Banking Swindle is unique also in regard to its coming from the 'Right', and redefining the 'Right' with precision, after decades of having been misinterpreted by both the Left and Classical Liberals as being synonymous, especially in the English-speaking world, with Free Market Capitalism, which it is not, and never has been. Indeed, as The Banking Swindle shows, drawing on such thinkers as Oswald Spengler from the Right, and Karl Marx himself from the Left, Free Market Capitalism is subversive and anti-conservative. The Banking Swindle shows that historically it has been the Right that has fought Usury, that it was Rightist parties that offered clear policies on overthrowing the power of the bankers. The Right has largely forgotten this background, at the very time when policies are needed to address the world's Number One issue: Debt.

The Federal Reserve System Purposes and Functions

The Federal Reserve System Purposes and Functions PDF Author: Board of Governors of the Federal Reserve System
Publisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0

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Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

FDIC Quarterly

FDIC Quarterly PDF Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 38

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Book Description