Central Banking as State Building: Policymakers and Their Nationalism in the Philippines, 1933-1964 (Paperback) (ISBN-13: 9789814722117)

From its creation in 1949 until the 1960s, the Central Bank of the Philippines dominated industrial policy by means of exchange controls, becoming a symbol of nationalism for a newly independent state. The pre-war Philippine National Bank was closely linked to the colonial administration and plagued by corruption scandals. As the country moved toward independence, ambitious young politicians, colonial bureaucrats, and private sector professionals concluded that economic decolonization required a new bank at the heart of the country's finances in order to break away from the individuals and institutions that dominated the colonial economy. Positioning this bank within broader political structures, Yusuke Takagi concludes that the Filipino policy makers behind the Central Bank worked not for vested interests associated with colonial or neo-colonial rule but for structural reform based on particular policy ideas.

Author: Yusuke Takagi
ISBN-10: 9814722111
ISBN-13: 9789814722117
Publisher: National University of Singapore Press
Language: English
Published: 10/15/2016
Pages: 288
Format: Paperback
Weight: 1.40lbs
Size: 8.90h x 6.00w x 0.50d