Issues In Monetary Financial And Macroeconomic Adjustment Policies

Author : Stuart Sayer
Publisher : John Wiley & Sons
Page : 292 pages
File Size : 41,7 Mb
Release : 2005-02-11
Category : Business & Economics
ISBN : 9781405129114

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Issues in Monetary, Financial and Macroeconomic Adjustment Policies by Stuart Sayer Pdf

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.

Author : Jeffrey M. Davis
Publisher : International Monetary Fund
Page : 100 pages
File Size : 53,7 Mb
Release : 1992-01-15
Category : Business & Economics
ISBN : STANFORD:36105000316146

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Macroeconomic Adjustment by Jeffrey M. Davis Pdf

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.

Author : Stefanie Walter
Publisher : Cambridge University Press
Page : 273 pages
File Size : 53,7 Mb
Release : 2013-10-31
Category : Business & Economics
ISBN : 9781107028708

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Financial Crises and the Politics of Macroeconomic Adjustments by Stefanie Walter Pdf

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.

Author : V. A. Jafarey
Publisher : International Monetary Fund
Page : 158 pages
File Size : 53,5 Mb
Release : 1992-06-15
Category : Business & Economics
ISBN : STANFORD:36105000450028

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Structural Adjustment and Macroeconomic Policy Issues by V. A. Jafarey Pdf

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.

Author : Mr.Mario Monti
Publisher : International Monetary Fund
Page : 300 pages
File Size : 49,8 Mb
Release : 1989-06-15
Category : Business & Economics
ISBN : 1557751188

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Fiscal Policy, Economic Adjustment, and Financial Markets by Mr.Mario Monti Pdf

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.

Author : Pierre-Richard Agénor
Publisher : Academic Press
Page : 752 pages
File Size : 54,7 Mb
Release : 2000
Category : Business & Economics
ISBN : 0120445557

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The Economics of Adjustment and Growth by Pierre-Richard Agénor Pdf

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.

Author : Development Committee
Publisher : Unknown
Page : 124 pages
File Size : 53,5 Mb
Release : 1990
Category : Business & Economics
ISBN : STANFORD:36105035117303

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Problems and Issues in Structural Adjustment by Development Committee Pdf

Author : Mr.Olivier J. Blanchard,Mr.Giovanni Dell'Ariccia,Mr.Paolo Mauro
Publisher : International Monetary Fund
Page : 26 pages
File Size : 53,8 Mb
Release : 2013-04-15
Category : Business & Economics
ISBN : 9781484363478

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Rethinking Macro Policy II by Mr.Olivier J. Blanchard,Mr.Giovanni Dell'Ariccia,Mr.Paolo Mauro Pdf

This note explores how the economic thinking about macroeconomic management has evolved since the crisis began. It discusses developments in monetary policy, including unconventional measures; the challenges associated with increased public debt; and the policy potential, risks, and institutional challenges associated with new macroprudential measures. Rationale: The note contributes to the ongoing debate on several aspects of macroeconomic policy. It follows up on the earlier “Rethinking” paper, refining the analysis in light of the events of the past two years. Given the relatively fluid state of the debate (e.g., recent challenges to central bank independence), it is useful to highlight that while many of the tenets of the pre-crisis consensus have been challenged, others (such as the desirability of central bank independence) remain valid.

Author : Ms.Sharmini Coorey,Mr.Louis Dicks-Mireaux,Mr.David John Goldsbrough,Mr.Balázs Horváth,Ms.Kalpana Kochhar,Mr.Mauro Mecagni,Mr.Erik Offerdal,Ms.Jianping Zhou
Publisher : International Monetary Fund
Page : 130 pages
File Size : 51,9 Mb
Release : 1996-08-13
Category : Business & Economics
ISBN : 1557755590

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Reinvigorating Growth in Developing Countries by Ms.Sharmini Coorey,Mr.Louis Dicks-Mireaux,Mr.David John Goldsbrough,Mr.Balázs Horváth,Ms.Kalpana Kochhar,Mr.Mauro Mecagni,Mr.Erik Offerdal,Ms.Jianping Zhou Pdf

This study examines the links between adjustment policies and growth in a small group of developing countries- Bangladesh, Chile, Ghana, India, Mexico, Morocco, Senegal, and Thailand - during 1970 -93. It provides an overview of the adjustment and growth experience, examines in depth several policy issues of particular interest, and distills the principal policy lessons for the design of adjustment policies.

Author : Frederick Z. Jaspersen,Karim Shariff
Publisher : World Bank Publications
Page : 50 pages
File Size : 54,5 Mb
Release : 1990
Category : Economic policy
ISBN : UCSD:31822006563100

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The Macroeconomic Underpinnings of Adjustment Lending by Frederick Z. Jaspersen,Karim Shariff Pdf

Macroeconomic policy and sequencing issues increasingly have been addressed explicitly in the design of recent adjustment loans, but there still is scope for: (1) strengthening the analytical framework and macroeconomic policy conditionality in adjustment loans, and (2) greater realism about the time and external resources needed to achieve adjustment and growth objectives.

Author : David T. Llewellyn,Chris Milner
Publisher : Unknown
Page : 296 pages
File Size : 46,5 Mb
Release : 1990
Category : Foreign exchange
ISBN : UCSD:31822005232376

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Current Issues in International Monetary Economics by David T. Llewellyn,Chris Milner Pdf

This book provides discussion of recent developments in international monetary economics. The chapters are specially written by well known international authors who are specialists in this field and cover current theoretical and policy issues. The topics examined include exchange rate determination and dynamics, stabilisation policy, policy coordination, debt problems and global reform issues. The book is written in an accessible style and will provide students on many relevant courses with up to date information on essential current economic issues.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 74 pages
File Size : 55,5 Mb
Release : 2015-10-23
Category : Business & Economics
ISBN : 9781498344067

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Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries by International Monetary Fund Pdf

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.

Author : Avi J. Cohen,Harald Hagemann,John Smithin
Publisher : Springer
Page : 378 pages
File Size : 49,7 Mb
Release : 1997-05-31
Category : Business & Economics
ISBN : STANFORD:36105019317002

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Money, Financial Institutions and Macroeconomics by Avi J. Cohen,Harald Hagemann,John Smithin Pdf

These 18 papers from the April 1995 conference at York U., Toronto present comparative and international perspectives on recent research in monetary theory and its application to practical policy issues. Although the contributors tend to emphasize the importance of credit creation in the monetary process, some of the authors offer more mainstream approaches. Topics include the roles of interest rate determination and the endogeneity of money in the credit economy, and monetary policy in North America and Europe. Annotation copyrighted by Book News, Inc., Portland, OR

Author : Philippe Egoumé-Bossogo
Publisher : Unknown
Page : 158 pages
File Size : 52,7 Mb
Release : 2003
Category : Business & Economics
ISBN : UCSD:31822033028929

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Guyana by Philippe Egoumé-Bossogo Pdf

This book analyzes Guyana's experience with macroeconomic stabilization and structural reforms between 1989 and 2000 and discusses the risks and challenges that the country faces in its quest to achieve sustainable growth and further reduce poverty. During this period, Guyana transitioned successfully from a state-controlled to a market economy. Stability was restored, growth recovered markedly, and poverty declined as a result of implementing strong macroeconomic policies and wide-ranging structural reforms. The success of the poverty reduction strategy that the country has developed hinges on the implementation of sound macroeconomic policies, further lowering of the country's external debt burden, acceleration of the restructuring of institutions and the economy, and the existence of a stable political environment.

Author : Mathias Dewatripont,Xavier Freixas,Richard Portes
Publisher : Unknown
Page : 192 pages
File Size : 55,7 Mb
Release : 2011
Category : Business & Economics
ISBN : 1907142223

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Macroeconomic Stability and Financial Regulation by Mathias Dewatripont,Xavier Freixas,Richard Portes Pdf

The G20 meeting in London in spring 2009 was a historical moment of global cooperation to deal with the global financial crisis. This book collects essays from leading economists, first presented as an eBook in January 2009, advocating many of the policies that were eventually agreed on, including the headline-grabbing global fiscal stimulus. But it goes further, calling for: Reforms to address global imbalances by a) creating insurance mechanisms for countries that forgo reserve accumulation and stimulate domestic expansion; and b) accelerating the development of financial systems in emerging markets. Macroeconomic policy to meet any threat of deflation promptly, with a zero interest rate policy and quantitative easing, and an inflation target to avoid expectations of deflation. Adjustment of the Basel II capital requirements to mitigate procyclicality. Creation of a centralised clearing counterparty for credit default swap trades. Severing the link between credit rating agencies and issuers and monitoring the former's power. Establishment of a harmonised bankruptcy regime for banks that gives regulators strong powers over bank managers and shareholders before the bank is technically insolvent, especially in the case of cross-border banks. Creation of an International Financial Stability Fund that takes equity positions in the financial institutions of participating countries and monitors their activities. Many of these suggestions are still being debated today.