Central banking in developing countries
By: Anand Chandavarkar.
Publisher: St. Martin's Press
Published: 1996
Place of publication: New York, N.Y
Language: eng
Number of pages: 289
Subjects: Banks and banking, Central -- Developing countries.
Description: Analyzes central banking as a policy process, central banks as organizations and central bankers as human capital, in developing countries including interest-free Islamic and transition economies. Addresses a wide range of issues: the primacy of price and financial stability objectives; implementation of market-related monetary policy; integration of monetary policy with exchange and supervisory functions; policies concerning liberalization and informal finance; and causes and implications of operating losses. Evaluates critically the currency board option, the case for central bank independence, and ceilings on government credit. Proposes far-reaching organizational reforms, including divestiture of quasi-fiscal activities and partial privatization of central banks.
Notes: Includes bibliographical references (p. 263-281) and index.