The politics of finance: How capital sways African central banks

Dafe, Florence (2017) The politics of finance: How capital sways African central banks. The Journal of Development Studies. ISSN 0022-0388

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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.

Item Type:	Article
Official URL:	http://www.tandfonline.com/toc/fjds20/current
Additional Information:	© 2017 Taylor & Francis
Divisions:	International Relations
Subjects:	H Social Sciences > HG Finance J Political Science > JA Political science (General)
Date Deposited:	10 Oct 2017 14:12
Last Modified:	07 Mar 2024 20:00
URI:	http://eprints.lse.ac.uk/id/eprint/84552

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