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Defusing Democracy : Central Bank Autonomy and the Transition From Authoritarian Rule by Delia Margaret Boylan is a book available to read on EtoBox.

What is Defusing Democracy : Central Bank Autonomy and the Transition From Authoritarian Rule about?

A substantive focus on transitions to democracy combined with an analytical approach rooted in the political economy of institutions | Many of today's new democracies are constrained by institutional forms designed by previous authoritarian rulers. In this timely and provocative study, Delia M. Boylan traces the emergence of these vestigial governance structures to strategic behavior by outgoing elites seeking to protect their interests from the vicissitudes of democratic rule. One important outgrowth of this political insulation strategy—and the empirical centerpiece of Boylan's analysis—is the existence of new, highly independent central banks in countries throughout the developing world. This represents a striking transformation, for not only does central bank autonomy remove a key aspect of economic decision making from democratic control; in practice it has also kept many of the would-be expansionist governments that hold power today from overturning the neoliberal policies favored by authoritarian predecessors. To illustrate these points, Defusing Democracy takes a fresh look at two transitional polities in Latin America—Chile and Mexico—where variation in the proximity of

Author

Delia Margaret Boylan

Publisher

Ann Arbor: University of Michigan Press

Published

2001

Language

EN

ISBN

9786612639159

Subjects

Business, Anthropology, Political Science