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Issues in Monetary, Financial and Macroeconomic Adjustment Policies

Issues in Monetary, Financial and Macroeconomic Adjustment Policies
Author: Stuart Sayer
Publisher: John Wiley & Sons
Total Pages: 292
Release: 2005-02-11
Genre: Business & Economics
ISBN: 1405129115

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This collection of survey articles sheds light on crucial questions in the field of monetary, financial and macroeconomic policy. Applies rigorous economic theory and empirical analysis to important practical policy issues. Considers the role of the financial sector in economic development. Looks at why financial crises occur and how they can be avoided. Discusses the relationship between macroeconomic adjustment and poverty. Asks if low-inflation rate regimes are at risk from the ‘zero bound’ to nominal interest rates. Provides accessible overviews of recent research into these questions.


Financial Crises and the Politics of Macroeconomic Adjustments

Financial Crises and the Politics of Macroeconomic Adjustments
Author: Stefanie Walter
Publisher: Cambridge University Press
Total Pages: 273
Release: 2013-10-31
Genre: Business & Economics
ISBN: 1107028701

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This book explains why governments respond differently to macroeconomic problems and why necessary reforms are sometimes delayed until a serious financial crisis erupts. It argues that voter vulnerability to different reform strategies varies, and that these vulnerabilities influence the type and timing of governments' policy responses to economic crises. Empirical analyses at both the individual level across a broad range of countries and case studies of national policy responses to financial and economic crises in Asia and Eastern Europe support the argument.


Macroeconomic Adjustment

Macroeconomic Adjustment
Author: Jeffrey M. Davis
Publisher: International Monetary Fund
Total Pages: 100
Release: 1992-01-15
Genre: Business & Economics
ISBN:

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IMF-supported adjustment programs aim to restore economic growth, while bringing about a sustainable balance of payments position. Achievement of these goals requires coordinated use of a variety of policy meansures, including monetary and fiscal, exchange rate, external debt management, and structural policies, which affect capacity use and productive potential. This book, edited by Jeffrey M. Davis, provides an introductory review of some of the policy issues in each of these areas.


Structural Adjustment and Macroeconomic Policy Issues

Structural Adjustment and Macroeconomic Policy Issues
Author: V. A. Jafarey
Publisher: International Monetary Fund
Total Pages: 158
Release: 1992-06-15
Genre: Business & Economics
ISBN:

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This volume presents the proceedings of a conference, moderated by V.A. Jafarey, held in Lahore, Pakistan. papers given at the seminar addressed fiscal reform, monetary reform, privatization, and trade liberalization in the context of IMF-supported adjustment programs, with emphasis on the Pakistani experience.


Fiscal Policy, Economic Adjustment, and Financial Markets

Fiscal Policy, Economic Adjustment, and Financial Markets
Author: Mr.Mario Monti
Publisher: International Monetary Fund
Total Pages: 300
Release: 1989-06-15
Genre: Business & Economics
ISBN: 9781557751188

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Edited by Mario Monti, this volume contains the proceedings of a seminar that was held in Milan at the Centre for Financial and Monetary Economics, Universitá Luigi Bocconi. Participants included government officials, academicians, and economists; they provide a many-faceted view of fiscal policy at the domestic level and in the broader context of international policy coordination.


The Economics of Adjustment and Growth

The Economics of Adjustment and Growth
Author: Pierre-Richard Agénor
Publisher: Academic Press
Total Pages: 752
Release: 2000
Genre: Business & Economics
ISBN: 9780120445554

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The Economics of Adjustment and Growth moves the study of macroeconomics for developing economies away from the traditional static approach and toward a more dynamic, growth-oriented framework. Pierre-Richard Agénor presents an analysis of policy issues involved in designing economic adjustment programs in developing countries and structural reform policies aimed at fostering economic growth. Emphasizing the need to take into account the structural features of these countries, his work dwells on the considerable body of analytical research and empirical evidence of the past two decades in academic circles and international organizations. It provides cutting-edge analysis of many current real-world issues, such as financial crises and the role of trade integration in fostering economic growth. Overall the book offers an impressive overview of the macroeconomic and structural adjustment issues facing developing economies today.


Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries

Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 74
Release: 2015-10-23
Genre: Business & Economics
ISBN: 1498344062

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Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.