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Monetary Policy in Developing Countries - Sheila Page

Monetary Policy in Developing Countries

By: Sheila Page (Editor)

Hardcover Published: 11th March 1993
ISBN: 9780415088220
Number Of Pages: 384

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As part of their World Bank and International Monetary Fund packages, most developing countries are now expected to adopt monetarist policies. Yet these policies have been designed for advanced economies, and there is considerable doubt about whether they are appropriate for less developed countries. "Monetary Policy in Developing Countries" is the first study of this seminal and topical area. Unlike most research and discussion of policy, this study examines both monetary policy and the creation of a modern financial sector in the wider context of overall development.
An international team of leading economists provides case studies of three African and three Asian countries, complemented by special studies of the role of the informal sector and the relationship between monetary policy and exchange rate management. The country studies include statistical background on the economies and their financial sectors, and use some elementary econometric tests to establish what stable relationships can be assumed in the financial sector.
This is the first book to analyze the interaction between monetary policy, the financial sector and the rest of the economy in the context of developing countries. It extends the discussion of the necessary conditions for successful monetary policy and will be extremely important for those involved in formulating these policies.

Figures and tables
The nature of monetary policy and the financial sector
The New Demand for Monetary Developmentp. 3
The Institutional Frameworkp. 11
An Analytical Frameworkp. 17
A Framework for Policy Analysisp. 25
Country studies
Kenya, 1967-88p. 39
Ghana, 1957-88p. 79
Cote D'Ivoire, 1973-88p. 107
Indonesia, 1974-90p. 137
Bangladesh, 1973-85p. 165
China, 1949-88p. 185
Special studies
The Informal Financial Sector: How Does It Operate and Who Are the Customers?p. 227
Exchange Rates and the Effectiveness of Monetary Policyp. 251
Monetary policy and the financial sector
The Use of Monetary Policyp. 279
The Financial Sectorp. 297
The Relationship Between Formal and Informal Financep. 319
Monetary Policy and Developmentp. 325
Notesp. 329
Referencesp. 339
Indexp. 359
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780415088220
ISBN-10: 0415088224
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 384
Published: 11th March 1993
Country of Publication: GB
Dimensions (cm): 23.39 x 15.6  x 2.24
Weight (kg): 0.71
Edition Number: 1