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Central Banking As State Building: Policymakers And Their Nationalism In The Philippines, 1933–1964
Central Banking As State Building: Policymakers And Their Nationalism In The Philippines, 1933–1964
Category Business
 Economics
Publisher Ateneo Press
Author Yusuke Takagi
Pages pp., 500g
Dimension 6x9in
Copyright 2016
Price US$ 25.95
  Bookpaper ISBN9715507578

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.

( US$ 25.95 Bookpaper )
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