The politics of finance: How capital sways African central banks

Florence Dafe

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: While there is a large literature on the politics of central banking its insights are difficult to translate to Sub-Saharan Africa. This article addresses gaps in this literature by considering how the interests of those who control financial resources sway African central banks. Case studies of Kenya, Nigeria and Uganda demonstrate that variation in the sources of capital on which countries rely to finance investment helps to account for the pattern of variation in central bank policy stances. The analysis further develops and probes arguments about power derived from the control of capital in the context of developing countries.

JEL-codes: F3 G3 (search for similar items in EconPapers)
Date: 2017-10-08
New Economics Papers: this item is included in nep-cba and nep-mon
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Citations: View citations in EconPapers (2)

Published in The Journal of Development Studies, 8, October, 2017. ISSN: 0022-0388

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:84552

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