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Priests of Prosperity - How Central Bankers Transformed the Postcommunist World (Hardcover)
Loot Price: R1,025
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Priests of Prosperity - How Central Bankers Transformed the Postcommunist World (Hardcover)
Series: Cornell Studies in Money
Expected to ship within 12 - 17 working days
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Priests of Prosperity explores the unsung revolutionary campaign to
transform postcommunist central banks from command-economy cash
cows into Western-style monetary guardians. Juliet Johnson
conducted more than 160 interviews in seventeen countries with
central bankers, international assistance providers, policymakers,
and private-sector finance professionals over the course of fifteen
years. She argues that a powerful transnational central banking
community concentrated in Western Europe and North America
integrated postcommunist central bankers into its network, shaped
their ideas about the role of central banks, and helped them
develop modern tools of central banking. Johnson's detailed
comparative studies of central bank development in Hungary, the
Czech Republic, Slovakia, Russia, and Kyrgyzstan take readers from
the birth of the campaign in the late 1980s to the challenges faced
by central bankers after the global financial crisis. As the
comfortable certainties of the past collapse around them, today's
central bankers in the postcommunist world and beyond find
themselves torn between allegiance to their transnational community
and its principles on the one hand and their increasingly complex
and politicized national roles on the other. Priests of Prosperity
will appeal to a diverse audience of scholars in political science,
finance, economics, geography, and sociology as well as to central
bankers and other policymakers interested in the future of
international finance, global governance, and economic development.
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