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Central Banking As State Building : Policymakers and Their Nationalism in the Philippines, 1933-1964
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From its creation in 1949 until the 1960s, the Central Bank of the Philippines dominated industrial policy, 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. Yet, as Yusuke Takagai shows in this history of the Central Bank, with the country moving toward independence, ambitious young politicians, colonial bureaucrats, and private sector professionals concluded that economic decolonization required a new bank, free from the individuals and institutions that had dominated the colonial economy. Positioning this bank within broader political structures, Takagi concludes that the Filipino policymakers behind the Central Bank worked not for vested interests associated with colonial or neo-colonial rule but for essential policy and structural reform.
Number of Pages: 214
Genre: Political Science, Business + Money Management
Series Title: Kyoto Cseas Series on Asian Studies
Publisher: Univ of Chicago Pr
Author: Yusuke Takagi
Street Date: October 15, 2016
Item Number (DPCI): 248-29-3316
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