The Spread of the Modern Central Bank and Global Cooperation

Barry Eichengreen is George C. Pardee & Helen N. Pardee Chair and Distinguished Professor of Economics and Political Science, University of California, Berkeley, Research Associate of the National Bureau of Economic Research and Research Fellow of the Centre for Economic Policy Research. Andreas Kakridis is Assistant Professor of Political Economy and Economic History at Panteion University in Athens, Greece. Scientific Advisor to the Historical Archives of the Bank of Greece. Member of the Academic Council of the European Association for Banking and Financial History (eabh). Trained in Oxford and Athens.

'Central banks are vital to modern economies. They set monetary policy, supervise banks, and foster financial stability. Financial markets hang upon their every word. This volume presents the fascinating stories of central banks that were born amidst the economic turbulence of the inter-war period. These institutions, mostly in emerging and developing economies, have received far less attention than their older brethren. This book fills that gaping hole in the literature admirably.' Richard Grossman, Andrews Professor of Economics, Wesleyan University

• Part I. General: 1. Interwar central banks: a tour d' horizon Barry Eichengreen and Andreas Kakridis; 2. The ideology of central banking in the interwar years and beyond Harold James; 3. Habit not heredity: central banks and global order Patricia Clavin; 4. Institutionalizing central bank cooperation: the Norman Schacht vision and early experience of the bank for international settlements, 1929–33 Piet Clement; Part II. Specific: 5. Central bank policy under foreign control: the Austrian national bank in the 1920s Hans Kernbauer; 6. Sneaking nationalization: Hungary and the liberal monetary order, 1924–1931 György Péteri; 7. The bank of Poland and monetary policy in the interwar years Cecylia Leszczyńska; 8. From banking office to national bank: the establishment of the national bank of Czechoslovakia, 1919–1926 Jakub Kunert; 9. 'Nobody's child': the bank of Greece in the interwar years Andreas Kakridis; 10. The Bulgarian national bank, 1926–1935: revamping the institution, addressing the depression Roumen Avramov; 11. Macroeconomic policies and the new central bank in Turkey, 1929–1939 Şevket Pamuk; 12. Latin American experiments in central banking at the onset of the great depression Juan Flores Zendejas and Gianandrea Nodari; 13. Central banks in the British dominions in the interwar period John Singleton; 14. Central banking and colonial control: India, 1914–1939 G. Balachandran.