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.
Book Description
This volume sheds light on crucial questions in the field of monetary, financial, and macroeconomic policy. Consisting of a series of surveys written by leading international economists, it addresses questions such as: What is the role of the financial sector in economic development? Is financial liberalization good for development? Why do financial crises occur and how can they be avoided? And do macroeconomic adjustment measures exacerbate poverty?
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