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Gatekeepers of Growth : The International Political Economy of Central Banking 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 i...

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Detalles Bibliográficos
Autor principal: Maxfield, Sylvia
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Princeton, N.J. : Princeton University Press, 1997.
Colección:Book collections on Project MUSE.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Maxfield, Sylvia. 
245 1 0 |a Gatekeepers of Growth :   |b The International Political Economy of Central Banking in Developing Countries /   |c Sylvia Maxfield. 
264 1 |a Princeton, N.J. :  |b Princeton University Press,  |c 1997. 
264 3 |a Baltimore, Md. :  |b Project MUSE,   |c 2015 
264 4 |c ©1997. 
300 |a 1 online resource (192 pages). 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
505 0 |a 1. Central Bank Independence: Why the Interest? -- 2. The Political Sources of Central Bank Independence -- 3. International Capital Flows and the Politics of Central Bank Independence -- 4. Central Bank Independence in the 1990s -- 5. The Politics of Changing Central Bank Authority: Thailand -- 6. The Politics of Changing Central Bank Authority: Mexico -- 7. The Politics of Changing Central Bank Authority: South Korea -- 8. The Politics of Changing Central Bank Authority: Brazil -- 9. Conclusion. 
520 8 |a 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 analysis of a larger sample of developing countries corroborate this investor signaling explanation of broad trends in central bank status. 
520 |a 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. 
588 |a Description based on print version record. 
650 1 7 |a Economische politiek.  |2 gtt 
650 1 7 |a Centrale banken.  |2 gtt 
650 7 |a Zentralbanksystem  |2 gnd 
650 7 |a Notenbankpolitik  |2 gnd 
650 7 |a Banks and banking, Central.  |2 fast  |0 (OCoLC)fst00827036 
650 7 |a BUSINESS & ECONOMICS  |x Development  |x Economic Development.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS  |x Banks & Banking.  |2 bisacsh 
650 6 |a Banques centrales  |z Pays en voie de developpement. 
650 0 |a Banks and banking, Central  |z Developing countries. 
651 7 |a Entwicklungsländer  |2 gnd 
651 7 |a Developing countries.  |2 fast  |0 (OCoLC)fst01242969 
655 7 |a Electronic books.   |2 local 
710 2 |a Project Muse.  |e distributor 
830 0 |a Book collections on Project MUSE. 
856 4 0 |z Texto completo  |u https://projectmuse.uam.elogim.com/book/29681/ 
945 |a Project MUSE - Custom Collection 
945 |a Project MUSE - Archive Complete Supplement III 
945 |a Project MUSE - Archive Political Science and Policy Studies Supplement III