Monetary Economics in Developing Countries

This book is an introduction to monetary economics with a particular reference to issues relevant for developing economies.

This book highlights the basic principles of monetary economics and their application to developing countries. Fully illustrated and written in an accessible style, it will be an attractive to students wanting to understand the economic aspects of development and those researching in the area The new edition includes four entirely new chapters, with material on financial crises, the debates surrounding inflation targeting, and examination of the role and future of financial institutions, such as the World Bank and the IMF.

SUBRATA GHATAK is Emeritus Professor of Applied Economics at Kingston University, London, UK. He has written eight books and published numerous articles in national and international journals and books. He has also acted as a Consultant to the World Bank and the United Nations.
JOSÉ R. SÁNCHEZ-FUNG is Senior Lecturer in Economics at Kingston University, London, UK. He has held positions as Visiting Scholar at Columbia University in New York, Senior Associate Member of St Antony’s College, University of Oxford, and Director of Economic Research at the Central Bank of the Dominican Republic.

Introduction * Finance, Growth and Development * Financial Institutions in Developing Countries * Theories of Money and Economic Growth * The Keynesian and Monetarist Views on the Importance of Money * Money Demand * Monetary Institutions in Developing Economies * Monetary Policy Transmission, Rules and Strategies * Money, Inflation and Growth * Exchange Rate Policy * Debt and Crises * The International Financial Institutions