Title: Central Banking in a Developing Economy
Subtitle: A Study of Trinidad and Tobago 1964 -1989
Description: The book examines the difficult roles played by a central bank in a developing economy as it seeks to define it's functions, establish a degree of independence, and balance considerations of development and monetary stability.  The author suggests that the central bank of Trinidad and Tobago was not always successful in balancing these complex roles and, in particular, failed to contribute adequately to the management of the petro-dollar boom.  The author sets out a framework for the analysis of economic policy in which apart from the usual factors of context, objectives, instruments and theory, other important factors such as timing of policy, systems for policy formulation and the 'personality' of the decision-makers are also incorporated.  These latter turn out to have significant influence on monetary and financial policy in certain instances.