EH.Net Abstracts in Economic History

            EHS Abstract Submission
                    (c) 1997 Academic Press and EH.Net
-----------------------------------------------------------
              Name:  Chibuike Ugochukwu Uche
               Email:  author at eh.net
         Institution:  London School of Economics  

         Co-author:  None
 
             Title:  Bank of England vs the IBRD:  Did the
Nigerian Colony Deserve a Central Bank?
 
  Internet Address
of abstracted work:  Not available on the Internet  

           By mail:  
                     Chibuike Ugochukwu Uche
                     London School of Economics
                      and Political Science 
                     Houghton Street
                     London WC2A 2AE
                     UK                   
                     
 
          Language:  English
 
          Abstract:
   This paper attempts to show how the International Bank of
Reconstruction and Development aided the establishment of a
central bank in the British Nigerian colony against the wishes of
the Bank of England.  It argues that the main reason for the
demand by nationalists for a central bank was to save the poorly
staffed and poorly capitalized indigenous banks threatened by
regulation.  A Bank of England "expert" in 1952, however, advised
against such a bank on "technical grounds."  An IBRD Economic
Mission to the colony the following year advised to the contrary
and again opened up the debate.  Various overt and covert
attempts by the Bank of England to get the IBRD to change its
mind achieved little result.
 
      Bibliography:  Uche, Chibuike Ugochukwu. "Bank of England
vs the IBRD:  Did the Nigerian Colony Deserve a Central Bank?"
Explorations in Economic History (April 1997).
 
                  Subject:  H
 Geographical Area:  1
      Country/Region:  Nigeria
           Time Period:  9