Macroeconomics in Emerging Markets

By:

Peter J. Montiel

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Hardback

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Description

The macroeconomic experience of emerging and developing economies has tended to be quite different from that of industrial countries. Compared to industrial countries, emerging and developing economies have tended to be much more unstable, with more severe boom/bust cycles, episodes of high inflation and a variety of financial crises. This textbook describes how the standard macroeconomic models that are used in industrial countries can be modified to help understand this experience and how institutional and policy reforms in emerging and developing economies may affect their future macroeconomic performance. This second edition differs from the first in offering: extensive new material on themes such as fiscal institutions, inflation targeting, emergent market crises, and the Great Recession; numerous application boxes; end-of-chapter questions; references for each chapter; more diagrams, less taxonomy, and a more reader-friendly narrative; and enhanced integration of all parts of the work.

Author Biography:

Peter J. Montiel is Farleigh S. Dickinson, Jr, '41 Professor of Economics at Williams College, Massachusetts. He formerly taught at Florida International University, Amherst College and Oberlin College. Professor Montiel held positions as Senior Policy Advisor at the International Monetary Fund and as Chief of the Macroeconomics and Growth Division of the Policy Research Department of the World Bank. He has served on the editorial board of several professional journals and is a past Associate Editor of World Development. He is the author of nine books, including most notably the three editions of Development Economics (with Pierre-Richard Agenor) and a large number of articles in professional journals. Professor Montiel has been a Visiting Scholar at the IMF, the World Bank, the Inter-American Development Bank, the University of Manchester, the University of Helsinki and the Monetary Authority of Singapore.

Release date NZ

April 29th, 2011

Author

Peter J. Montiel

Audiences

Professional & Vocational
Tertiary Education (US: College)

Edition

2nd Revised edition

Illustrations

32 Tables, unspecified; 98 Line drawings, unspecified

Pages

778

Dimensions

186x260x46

ISBN-13

9780521514729

Product ID

10406115

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