Macroeconomics in emerging markets / Peter J. Montiel.

Format:

Book

Author/Creator:

Montiel, Peter J., 1951- author.

Language:

English

Subjects (All):

Macroeconomics.

Developing countries--Economic conditions.

Developing countries.

Physical Description:

1 online resource (x, 445 pages) : digital, PDF file(s).

Place of Publication:

Cambridge : Cambridge University Press, 2002.

Language Note:

English

Summary:

This book is a rigorous, yet nonmathematical analysis of key macroeconomic issues faced by emerging economies. The first part develops an analytical framework that can be used as a workhorse model to study short-run macroeconomic issues of stabilization and adjustment in such economies, comparable to the IS-LM framework widely used in intermediate-level macroeconomics textbooks for industrial countries. The rest of the book considers fiscal issues, financial sector issues, and issues concerning exchange rate regimes and policies. In the fiscal area, the focus is on the formulation of intertemporal policies, i.e. fiscal sustainability, seigniorage, and the roles of central bank independence and privatization of public enterprises in achieving fiscal credibility. The analysis of the financial sector examines its role in promoting welfare and growth. Finally, the book explores recent developments in the theory of appropriate exchange rate regimes and management, and provides an overview of currency crises.

Contents:

Cover; Half-title; Dedication; Title; Copyright; Contents; Preface; PART 1 Overview; PART 2 A Benchmar Macroeconomic Modelfor an Emerging Economy; PART 3 Public Finance and Macroeconomic Performance; PART 4 The Financial Sector and Macroeconomic Performance; PART 5 Exchange Rate Management; References; Index

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references and index.

ISBN:

1-107-12909-5

1-280-16279-1

0-511-11859-7

0-511-07774-2

0-511-20594-5

0-511-55700-0

0-511-61587-6

0-511-07617-7

OCLC:

252484540