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Managing Economic Volatility and Crises : A Practitioner's Guide - Joshua Aizenman

Managing Economic Volatility and Crises

A Practitioner's Guide

By: Joshua Aizenman (Editor), Brian Pinto (Editor)

Paperback Published: 14th April 2011
ISBN: 9780521168595
Number Of Pages: 595

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Economic volatility has come into its own after being treated for decades as a secondary phenomenon in the business cycle literature. This evolution has been driven by the recognition that non-linearities, long buried by the economist's penchant for linearity, magnify the negative effects of volatility on long-run growth and inequality, especially in poor countries. This 2006 collection organizes empirical and policy results for economists and development policy practitioners into four parts: basic features, including the impact of volatility on growth and poverty; commodity price volatility; the financial sector's dual role as an absorber and amplifier of shocks; and the management and prevention of macroeconomic crises. The latter section includes a cross-country study, case studies on Argentina and Russia, and lessons from the debt default episodes of the 1980s and 1990s.

Contributorsp. ix
Acknowledgmentsp. xi
Forewordp. xiii
Overviewp. 1
What is Volatility and Why Does it Matter?
Volatility: Definitions and Consequencesp. 45
Volatility and Growthp. 65
Volatility, Income Distribution, and Povertyp. 101
Commodity Prices and Volatility
Agricultural Commodity Price Volatilityp. 137
Managing Oil Booms and Busts in Developing Countriesp. 186
Finance and Volatility
Finance and Volatilityp. 213
Evaluating Pricing Signals from the Bond Marketsp. 281
Managing Crises
Managing Macroeconomic Crises: Policy Lessonsp. 315
Lessons from the Russian Crisis of 1998 and Recoveryp. 406
Argentina's Macroeconomic Collapse: Causes and Lessonsp. 439
Default Episodes in the 1980s and 1990s: What Have We Learned?p. 471
Technical Appendixp. 521
Indexp. 567
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780521168595
ISBN-10: 0521168597
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 595
Published: 14th April 2011
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24  x 3.45
Weight (kg): 0.89