@article{79e95af6-4ff8-4097-b4a9-3f60f0f3c2d3,
  abstract     = {{Sub-Saharan Africa’s development challenge lies less in achieving than in sustaining growth. While many<br/>countries experience rapid expansion, frequent episodes of economic shrinking undermine long-term<br/>development. Drawing on the social capabilities framework and the role of monetary governance in<br/>development, we examine how central bank autonomy and accountability relate to shrinking dynamics.<br/>Through a comparative-historical analysis of Kenya and Tanzania (1960–2016), we show that shifts in<br/>central bank autonomy align with each country’s pattern of shrinking and inflation. Our analysis of these<br/>patterns suggests that central bank governance both reflects broader institutional conditions and plays a<br/>role in sustained development.}},
  author       = {{Axelsson, Tobias and Klocke, Sascha and Rohne Till, Emelie}},
  issn         = {{0002-0206}},
  language     = {{swe}},
  month        = {{06}},
  publisher    = {{Cambridge University Press}},
  series       = {{African Studies Review}},
  title        = {{A Tale of Two Systems: Central Banking in Kenya and Tanzania, 1960-2016}},
  year         = {{2026}},
}