• Summary
  • Contents
  • Subject index

The global financial crisis has proved that economic realities are very different from the traditional assumptions of macroeconomics. Macroeconomic Policies for Emerging and Developing Economies provides a contemporary analytical account and discusses the current debates on the theory and practices of macroeconomic policies of developing economies emerging from the crisis. It deals with issues relating to openness, capital flows and exchange rate policies as well as macro-financial policies. It underscores two important points: the need to design a development strategy that takes into account the economic context of the countries concerned, and for well-regulated macro-financial policies that would help promote the objects of sustainable growth with price and financial stability. This engaging and unrivalled guide to macroeconomic policy goes beyond the standard macroeconomists’ tool kit of monetary, fiscal and exchange rate policies and includes topics such as development strategies and macro-financial policies.

Financial Stability: A Belated Recognition of the ‘Core’
Financial stability: A belated recognition of the ‘core’
The First Sip

The issue of relevance of financial stability has come to the fore in a very forceful manner only in recent years. Despite the apparent success of MEPs across the advanced countries as reflected in low inflation rate and relatively high growth since the beginning of the new millennium, the financial crisis has engulfed much of the global economy since 2007–2008. In a number of AEs, this coincided with the principle of ‘light touch regulation’, wherein market forces were allowed a free play in the financial sector—so much so that a commentator has termed the financial sector crisis as ‘slapped by invisible hand’. In fact, Alan Greenspan, former ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles