This work examines the current state of central banking in 44 developing countries. The authors analyze the banks' achievement in their primary objective of price stability, and discuss the reasons behind the general lack of success. It covers government financing, foreign exchange systems, and domestic banking systems. Financial information is ...
This work examines the current state of central banking in 44 developing countries. The authors analyze the banks' achievement in their primary objective of price stability, and discuss the reasons behind the general lack of success. It covers government financing, foreign exchange systems, and domestic banking systems. Financial information is included from Africa, Asia, the Middle East, Europe, Latin America and the Caribbean. The lay-out is user-friendly and illustrated with tables, figures, boxed material and appendices.
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