Priests of Prosperity: How Central Bankers Transformed the Postcommunist World

Awards:   Joint winner of Ed A. Hewett Book Prize 2017 (United States) Winner of Canadian Political Science Association Prize in International Relations (CPSA) 2017 (United States) Winner of Canadian Political Science Association Prize in International Relations. Winner of Davis Center Book Prize in Political and Social Studies 2017 (United States) Winner of Davis Center Book Prize in Political and Social Studies. Winner of Donner Prize (Donner Canadian Foundation) 2017 Winner of Ed A. Hewett Book Prize.
Author:   Juliet Johnson
Publisher:   Cornell University Press
ISBN:  

9781501700224


Pages:   312
Publication Date:   11 February 2016
Format:   Hardback
Availability:   In Print   Availability explained
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Priests of Prosperity: How Central Bankers Transformed the Postcommunist World


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Awards

  • Joint winner of Ed A. Hewett Book Prize 2017 (United States)
  • Winner of Canadian Political Science Association Prize in International Relations (CPSA) 2017 (United States)
  • Winner of Canadian Political Science Association Prize in International Relations.
  • Winner of Davis Center Book Prize in Political and Social Studies 2017 (United States)
  • Winner of Davis Center Book Prize in Political and Social Studies.
  • Winner of Donner Prize (Donner Canadian Foundation) 2017
  • Winner of Ed A. Hewett Book Prize.

Overview

Full Product Details

Author:   Juliet Johnson
Publisher:   Cornell University Press
Imprint:   Cornell University Press
Dimensions:   Width: 15.20cm , Height: 2.50cm , Length: 22.90cm
Weight:   0.907kg
ISBN:  

9781501700224


ISBN 10:   1501700227
Pages:   312
Publication Date:   11 February 2016
Audience:   General/trade ,  College/higher education ,  Professional and scholarly ,  General ,  Tertiary & Higher Education
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

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Reviews

Priests of Prosperity casts light on a vitally important but understudied aspect of postcommunist transition: the role of Western central banks and international institutions in the creation of monetary and financial systems in the postcommunist world. For better or worse-and often for both-the transnational central banking community's efforts to guide their postcommunist colleagues count as a remarkably speedy and comprehensive example of policy transfer, implanting ideas as well as institutions. Drawing on hundreds of interviews and a wealth of other evidence, Johnson argues that the hands-on efforts of central bankers and experts from outside the region played a critical role in the successes and failures of transition countries in constituting stable, functioning monetary and financial systems. -William Tompson, OECD, author of The Political Economy of Reform: Lessons from Pensions, Product Markets and Labour Markets in Ten OECD Countries Priests of Prosperity offers a fascinating account of the way the transnational central banking community has produced the single most important institutional convergence in the postcommunist world. While telling the story of the emergence and evolution of the world's most legally independent central banks, the book also provides an indispensable contribution to the study of the rise and decline in the autonomy of a key nonmajoritarian institution. Juliet Johnson's book offers important insights to three different scholarly fields: the study of postcommunist politics, the comparative politics and political economy of the transnationalization of states, and also the emerging field of the study of transnational communities. -Laszlo Bruszt, European University Institute, coeditor of Leveling the Playing Field: Transnational Regulatory Integration and Development


Priests of Prosperity casts light on a vitally important but understudied aspect of postcommunist transition: the role of Western central banks and international institutions in the creation of monetary and financial systems in the postcommunist world. For better or worse-and often for both-the transnational central banking community's efforts to guide their postcommunist colleagues count as a remarkably speedy and comprehensive example of policy transfer, implanting ideas as well as institutions. Drawing on hundreds of interviews and a wealth of other evidence, Johnson argues that the hands-on efforts of central bankers and experts from outside the region played a critical role in the successes and failures of transition countries in constituting stable, functioning monetary and financial systems. -William Tompson, OECD, author of The Political Economy of Reform: Lessons from Pensions, Product Markets and Labour Markets in Ten OECD Countries Priests of Prosperity offers a fascinating account of the way the transnational central banking community has produced the single most important institutional convergence in the postcommunist world. While telling the story of the emergence and evolution of the world's most legally independent central banks, the book also provides an indispensable contribution to the study of the rise and decline in the autonomy of a key nonmajoritarian institution. Juliet Johnson's book offers important insights to three different scholarly fields: the study of postcommunist politics, the comparative politics and political economy of the transnationalization of states, and also the emerging field of the study of transnational communities. -Laszlo Bruszt, European University Institute, coeditor of Leveling the Playing Field: Transnational Regulatory Integration and Development The work of a mature scholar whose voice is distinctive and compelling, Priests of Prosperity is elegantly and persuasively written. The contributions of this book to comparative and international political economy are substantive and theoretical, and the primary research that informs Juliet Johnson's analysis is impressive and astonishingly thorough. Johnson's argument that a transnational community of central bankers exerted significant, decisive, and surprising influence on the trajectory of central banking practices in postcommunist states is well supported by the evidence. The historical narratives are fantastic. -Rawi Abdelal, Herbert F. Johnson Professor of International Management at Harvard Business School, author of National Purpose in the World Economy


Author Information

Juliet Johnson is Professor of Political Science at McGill University. She is the author of Priests of Prosperity: How Central Bankers Transformed the Postcommunist World and A Fistful of Rubles: The Rise and Fall of the Russian Banking System, both from Cornell, and former editor of the Review of International Political Economy (2007-2014).

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