The Political Economy of Central Banking in Emerging Economies

The book explores the political economy of central banking in emerging economies, focusing on Asia, Africa, Latin America, and the European periphery. It adopts an interdisciplinary political economy perspective to examine the reciprocal relations between politics, economics, and central banks, and how global and domestic political economy contexts influence central bank practices.

Format: Paperback / softback
Length: 252 pages
Publication date: 29 April 2022
Publisher: Taylor & Francis Ltd

Since the onset of the Global Financial Crisis in 2008, research on central banking has gained significant momentum due to the unprecedented levels of central bank activism and unconventional monetary policy measures implemented in numerous countries. While these policies garnered significant attention to advanced economy central banks, there has been a notable lack of academic focus on central banking in emerging economies. This book aims to bridge this gap by extending the research on the political economy of central banking to encompass emerging economies in Asia, Africa, Latin America, and the European periphery.

Central banks play a pivotal role in shaping economic policy and have a profound impact on the social and economic well-being of individuals. By adopting an interdisciplinary political economy perspective, the contributions in this book explore the intricate reciprocal relations between politics, economics, and central banks. The chapters employ diverse theoretical frameworks, including institutional and organizational theory, developmental state resource dependency, and gender studies, drawing from a range of disciplines such as politics, international relations, public policy, management, finance, and sociology.

This book will appeal to a wide audience, including academics and students specializing in central banking, political economy, emerging economies, as well as professionals and policymakers involved in central bank operations, monetary policy, and economic development. By examining the unique challenges and opportunities faced by central banks in these regions, the book provides valuable insights into the complex dynamics of global financial markets and the policy choices that shape economic outcomes.

Dimension: 234 x 156 (mm)
ISBN-13: 9780367516024