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The Israeli Central Bank - Political economy, global logics and local actors (Paperback)
Loot Price: R1,532
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The Israeli Central Bank - Political economy, global logics and local actors (Paperback)
Series: Routledge Studies in Middle Eastern Economies
Expected to ship within 12 - 17 working days
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This book examines the local and global political and institutional
processes that have led to the strengthening of the Israeli central
bank within the context of the now predominant neoliberal regime.
Using Israel as a case study to identify broader patterns around
the world, the authors examine the strengthening of central banks
as a key dimension of the institutionalisation of the global
regime. Drawing on an in-depth analysis of the political economy of
the Israeli central bank since the mid-1980s, the authors show how
the Bank of Israel mobilized global logics in order to strengthen
its position vis-a-vis competing actors, especially the Ministry of
Finance, and to promote the institutionalisation of the neoliberal
regime. Employing a conflict-centered theoretical perspective, the
authors elucidate the character of this institutional
transformation and the mechanisms that were involved. Chapters
examine the different phases of the process of central bank
strengthening, focusing on the actors involved, the interactions
between them, and the political strategies they employed, and
analyse the consequences of the process for the shift in
macro-economic management and in the mode of state involvement in
the economy. Addressing the political and institutional processes
that have led to the fundamental transformation of Israeli
political economy, this book is a valuable addition to the existing
literature on the Israeli banking system, political economy and
globalisation.
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