Intellectual and political ground shifting for central banks everywhere

Priests of Prosperity is an analytical study of the evolution of central banking in postcommunist countries, exploring the unsung revolutionary campaign to move from command-economy cash cows into Western-style monetary guardians. This book argues that a powerful transnational central banking community concentrated in Western Europe and North America integrated postcommunist bankers to shape their ideas about the role of central banks and to help them develop modern tools of banking.
Juliet Johnson, a professor of political science at McGill University, is author of Priests of Prosperity: How Central Bankers Transformed the Postcommunist World, published by Cornell University Press.
Ulan Sarbanov never planned to become a central banker. But while working in Russia in 1993, the bright young economist from Kyrgyzstan received a summons from his country’s Supreme Council. Would he return home to take a position at the National Bank of the Kyrgyz Republic (NBKR)? The NBKR, until...

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