Monetary Economics in Developing Countries

Thoroughly revised and updated in light of recent advances, Monetary Economics in Developing Countries is an ideal text for students of economic development and international finance, and a useful resource for researchers. The incorporation of new chapters on financial crises and inflation targeting, among others, reflects how understanding of monetary economics and its application to development has advanced in the last decade.

From the outset, the authors distinguish between the role of money in the developing world from its role in the developed world. They highlight the theoretical, institutional and empirical principles of monetary economics particular to analysing developing economies, enabling the student to grasp clearly not just the basic ideas of monetary economics but also how to apply them. Clear, concise and up-to-date coverage for undergraduate and postgraduate students taking courses in monetary economics in developing countries, development economics or international finance. New chapters on financial crises, inflation targeting and a close look at the role and future of financial institutions such as the International Monetary Fund. Thorough explanation of theoretical aspects of monetary economics and their application to developing economies.

About the Author:
Subrata Ghatak is Emeritus Professor of Applied Economics at Kingston University, London, UK

About the Author:
Jose R. Sanchez-Fung is Senior Lecturer in Economics at Kingston University, London, UK