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.
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