1st Edition

The Political Economy of Central Banking in Emerging Economies

252 Pages 25 B/W Illustrations

by Routledge

252 Pages 25 B/W Illustrations

by Routledge

252 Pages 25 B/W Illustrations

by Routledge

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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... Read more

1. Introduction: Political Economy of Central Banking in Emerging Economies
Asst. Prof. Mustafa Yagci (İstinye University)

Part 1 – Global Influences on Central Banking in Emerging Economies: Debates on Central Bank Independence and Institutional Evolution in National Economies

2. Institutional Metamorphosis: The Backlash Against Independent Central Banking
Dr Ioannis Glinavos (University of Westminster)

3. Central Banks and Institutional Evolution in Transition
Prof. Christopher A. Hartwell (Bournemouth University)

4. Building Confidence ‘On the Ground’: Encounters Between Finance and the Central Banks of South Africa and Turkey
Asst. Prof. Ayça Zayim (Mount Holyoke College)

5. The impact of political-technocratic consensus on institutional stability and change: Monetary and financial governance in Argentine and Chile
Max Nagel, PhD Candidate (Scuola Normale Superiore)

Part 2 – Central Banking in the European Periphery

6. The impact of European economic governance and EU accession negotiations on the central banks in candidate countries: the case of the National Bank of Serbia
Assoc. Prof. Tatjana Jovanic (University of Belgrade)

Part 3 – Central Banking in Africa

7. The political economy of central banking in Nigeria: a resource dependence perspective
Dr Franklin Nakpodia (University of Leeds)
Dr Titilayo Ogunyemi (Oxford Brookes University)
Dr Folajimi Ashiru (Coventry University)

8. The Independence of the South African Reserve Bank: Coming full circle in 25 years?
Prof. Jannie Rossouw (University of the Witwatersrand)
Prof. Vishnu Padayachee (University of the Witwatersrand)

Part 4 – Central Banking in Latin America

9. Gender diversity as a tool to make central banks progressive institutions: the case of the Central Bank of Ecuador
Assoc. Prof. Guillaume Vallet (University of Grenoble Alpes)

10. The Political Economy of Brazil’s Enigmatic Central Bank, 1988–2018
Prof. Mario G. Schapiro (Fundação Getulio Vargas)
Assoc. Prof. Matthew M. Taylor (American University)

Part 5 – Central Banking in Asia

11. Interpreting the Evolution of the Monetary Regime in Russia: The Political Economy of Rent Seeking and Central Banking
Prof. Nikolay Nenovsky (University of Picardie Jules Verne)
Dr. Cornelia Sahling (Peoples' Friendship University of Russia)

12. The PBOC in the “New Era” of Chinese Political Economy
Asst. Prof. Orhan Yazar (Dongbei University of Finance and Economics)

13. Conclusion: New Venues of Research on Central Banking in Emerging Economies
Asst. Prof. Mustafa Yagci (İstinye University)