The Spread of the Modern Central Bank and Global Cooperation: 1919–1939
Nov 2023 · Cambridge University Press
Ebook
443
Pages
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About this ebook
Central banks were not always as ubiquitous as they are today. Their functions were circumscribed, their mandates ambiguous, and their allegiances once divided. The inter-war period saw the establishment of twenty-eight new central banks – most in what are now called emerging markets and developing economies. The Emergence of the Modern Central Bank and Global Cooperation provides a new account of their experience, explaining how these new institutions were established and how doctrinal knowledge was transferred. Combining synthetic analysis with national case studies, this book shows how institutional design and monetary practice were shaped by international organizations and leading central banks, which attached conditions to stabilization loans and dispatched 'money doctors.' It highlights how many of these arrangements fell through when central bank independence and the gold standard collapsed.
About the author
Barry Eichengreen is George C. Pardee & Helen N. Pardee Chair and Distinguished Professor of Economics and Political Science, University of California, Berkeley, Research Associate of the National Bureau of Economic Research and Research Fellow of the Centre for Economic Policy Research.
Andreas Kakridis is Assistant Professor of Political Economy and Economic History at Panteion University in Athens, Greece. Scientific Advisor to the Historical Archives of the Bank of Greece. Member of the Academic Council of the European Association for Banking and Financial History (eabh). Trained in Oxford and Athens.
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