TY - BOOK ID - 2653009 TI - Gatekeepers of growth : the international political economy of central banking in developing countries PY - 1997 SN - 0691026874 0691002436 1400822289 128275324X 9786612753244 140081264X 1400817102 9781400817108 9781282753242 9781400822287 9781400812646 PB - Princeton, N.J. : Princeton University Press, DB - UniCat KW - LDC / Developping Countries - Pays En Développement KW - BR / Brazil - Brazilië - Brésil KW - KR / South Korea - Zuid Korea - Corée du Sud KW - MX / Mexico - Mexique KW - TH / Thailand - Thailande KW - 333.111.0 KW - 333.111.6 KW - 333.80 KW - 333.820 KW - 333.846.0 KW - Algemeenheden. Theoretische en beschrijvende studies. Centrale banken. KW - Betrekkingen van de centrale banken met de overheid. Voorschotten aan de overheid. Monetaire financiering van de schatkist. KW - Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden. KW - Geldbeleid, bankbeleid en kredietbeleid: algemeenheden. KW - Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden. KW - Banks and banking, Central KW - Banker's banks KW - Banks, Central KW - Central banking KW - Central banks KW - Banks and banking [Central ] KW - Developing countries KW - Banks and banking, Central - Developing countries. KW - Algemeenheden. Theoretische en beschrijvende studies. Centrale banken KW - Betrekkingen van de centrale banken met de overheid. Voorschotten aan de overheid. Monetaire financiering van de schatkist KW - Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden KW - Geldbeleid, bankbeleid en kredietbeleid: algemeenheden KW - Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden KW - Banks and banking UR - https://www.unicat.be/uniCat?func=search&query=sysid:2653009 AB - 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 1990's, 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 policy making 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 international creditworthiness. Historical analyses of central banks in Brazil, Mexico, South Korea, and Thailand, and quantitative analyses of a larger sample of developing countries corroborate this investor signaling explanation of broad trends in central bank status. ER -