This book examines the current state of central banking in 44 developing countries. The authors analyse the banks' achievement in their primary objective of price stability and discuss the reasons behind the general lack of success. The book covers: * government financing * foreign exchange systems * domestic banking systems. Rich in data, the book

Álvaro Almeida, Maxwell J. Fry, Charles Goodhart

List of figures, List of tables, Foreword, Acknowledgements, 1 INTRODUCTION, 2 PRICE STABILITY, MONETARY EXPANSION AND OUTPUT GROWTH, 3 THE CENTRAL BANK AND THE GOVERNMENT, 4 CENTRAL BANKS' EXTERNAL ACTIVITIES, 5 THE CENTRAL BANK AND THE PRIVATE SECTOR, 6 REGULATION AND SUPERVISION, 7 THE STATUS OF THE CENTRAL BANK, 8 CONCLUSION, APPENDIX 1 , APPENDIX 2 , APPENDIX 3 , APPENDIX 4, APPENDIX 5 , Bibliography, Index