Towards Financial Independence in a Developing Economy

First published in 1967, this is a unique study of the establishment of the Bank of Rhodesia and Nyasland a central bank and London-type money market in a financially externally dependent economy. The book deals with the adaptation and initiation of financial institutions in a developing country previously completely dependent on external financial centres and externally controlled financial institutions. Dr Sowelems authoritative and detailed study provides valuable information on the inter-related questions of central bank control and the development of specialist money markets in developing countries.