Central Banking in Developing Countries: Objectives, Activities and Independence

Maxwell J. Fry, Charles A. E. Goodhart and Alvaro Almeida examine the current state of central banking in 44 developing countries. They analyze the banks' achievement in their primary objective of price stability and discuss the reasons behind the general lack of success. This comprehensive volume covers government financing, foreign exchange systems and domestic banking systems and is rich in data, containing original financial information from Africa, Asia, the Middle East, Europe, Latin America and the Caribbean.Central Banking inDeveloping Countriesis published in association with the Bank of England and presents the definitive accounts of the role of central banks in developing countries. Eddie George, the Governor of the Bank of England, has written the Introduction.