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Towards Financial Independence in a Developing Economy

An Analysis of the Monetary Experience of the Federation of Rhodesia and Nyasaland, 1952-1963

By R. A. Sowelem

Routledge – 2011 – 332 pages

Purchasing Options:

  • Add to CartPaperback: $48.95
    978-0-415-85315-6
    March 28th 2013
  • Add to CartHardback: $140.00
    978-0-415-59372-4
    November 26th 2010

Description

First published in 1967, this is a unique study of the establishment of the Bank of Rhodesia and Nyasland – a central bank and London-type money market in a financially externally dependent economy.

The book deals with the adaptation and initiation of financial institutions in a developing country previously completely dependent on external financial centres and externally controlled financial institutions. Dr Sowelem’s authoritative and detailed study provides valuable information on the inter-related questions of central bank control and the development of specialist money markets in developing countries.

Contents

Part I 1. Political and Economic Background 2. The Monetary Authority 3. The Commercial Banking System 4. The Money Market 5. The Capital Market 6. Non-Bank Financial Intermediaries Part II 7. Incomes, Employment, Prices and the Balance of Payments, 1952-63 8. The Scope for Monetary Policy in an Expatriate Banking System 9. The Impact of the Establishment of a Central Bank 10. The Impact of the Establishment of a Central Bank (Continued) 12. The Role of Non-Bank Financial Intermediaries

Name: Towards Financial Independence in a Developing Economy: An Analysis of the Monetary Experience of the Federation of Rhodesia and Nyasaland, 1952-1963 (Hardback)Routledge 
Description: By R. A. Sowelem. First published in 1967, this is a unique study of the establishment of the Bank of Rhodesia and Nyasland – a central bank and London-type money market in a financially externally dependent economy. The book deals with the adaptation and...
Categories: International Economics, Development Economics, Political Economy, Social Inequality, Economics, Development Studies, Development Policy