Central Banking as State Building: Policymakers and Their Nationalism in the Philippines, 1933–1964

Takagi, Yusuke; Abinales, Patricio N.

doi:10.1355/ae34-2p

Cited by 4 publications

(2 citation statements)

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“…There are several invaluable studies on the political economy of central banking in emerging economies (Dönmez & Zemandl, 2019;Gallagher, 2014;Hamilton-Hart, 2002;Johnson, 2016;Maxfield, 1994;Takagi, 2016;Zayim, 2020;Zhang, 2005). These studies make critical contributions to the literature by underlining the interactions between domestic and international forces, and highligting these interactions constrain or enable central banking activity in emerging economies.…”

Section: Evolving Ipe and Ppa Research On Central Bankingmentioning

confidence: 99%

Bridging international political economy and public policy and administration research on central banking

Yağcı

Bakır

2021

Policy and Society

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Central banking as an avenue of research has been of interest to scholars from International Political Economy (IPE) and Public Policy and Administration (PPA) disciplines. Nevertheless, there is very little dialogue between these two perspectives to bridge macro, meso, micro-level analyses and examine the reciprocal relationship between the global and domestic political economy context and monetary policy conduct. This article investigates the Turkish experience to bridge IPE and PPA scholarship on central banking in emerging economies. In doing so, we adopt an analytic eclectic approach combining multiple structural, institutional, and agential causal explanations with particular reference to the Structure, Institution, and Agency (SIA) theoretical framework. This is because analytic eclecticism complements, speaks to, and selectively incorporates theoretical approaches such as the New Independence Approach (NIA) of IPE and institutional and ideational PPA approaches. Drawing on the empirical context of the historical evolution of the Turkish political economy, we explore domestic and international interactions among micro, meso, and macro levels that shape central banking behavior. Our analysis also reveals how global dynamics are translated into domestic policy choices and how particular ideas influence the policymaking process. The analysis underscores the constraining and enabling influence of international dynamics, politics of ideas on emerging economy central banking, and the essential role individual and organizational agency play in the policymaking process.

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Section: Evolving Ipe and Ppa Research On Central Bankingmentioning

confidence: 99%

Bridging international political economy and public policy and administration research on central banking

Yağcı

Bakır

2021

Policy and Society

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“…Second, recent studies on economic policymaking provide us with a useful perspective to understand social policy reform (Raquiza 2012;Takagi 2016). Instead of viewing politics as structural constraints of policymaking, these studies suggest that political power struggle can be a thrust for policymaking.…”

Section: The Politics Of Policy Coalitionsmentioning

confidence: 99%

Policy coalitions and ambitious politicians: a case study of Philippine social policy reform

Takagi

2017

Philippine Political Science Journal

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The Benigno "Noynoy" Aquino administration witnessed a series of social policy reforms such as Republic Act (RA) 10533 (K-12 Law) and RA 10354 (Reproductive Health Law). The political process of this reform is full of intellectual puzzles considering the conventional knowledge on Philippine politics, which is mainly shaped by the framework of weak state. Why was the administration able to carry out the reforms despite the strong opposition from vested interests sustaining the weak state? This paper argues that ambitious politicians, i.e., those who differ in policy positions and seek to challenge the existing power structure, can work with policy advocates both in public and private sectors and create policy coalitions which result into policy reform. By tracing the political process of forming the policy coalitions, this paper aims to reveal the dynamic aspect of Philippine politics which has been neglected because of the dominance of the weak state framework.

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Authoritarianism and the Elite Origins of Democracy

Albertus

Menaldo

2017

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Central Banking as State Building: Policymakers and Their Nationalism in the Philippines, 1933–1964

Cited by 4 publications

References 0 publications

Bridging international political economy and public policy and administration research on central banking

Bridging international political economy and public policy and administration research on central banking

Policy coalitions and ambitious politicians: a case study of Philippine social policy reform

Authoritarianism and the Elite Origins of Democracy

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