Montiel, Peter.

Macroeconomics in emerging markets / Peter J. Montiel. - Cambridge ; New York : Cambridge University Press, 2003. - x, 445 p. : ill. ; 26 cm.

Includes bibliographical references and index.

Macroeconomics and development --
Equilibrium in the domestic labor and goods markets --
Equilibrium in the financial markets --
Short-run macroeconomic equilibrium --
Medium-term macroeconomic equilibrium --
The intertemporal budget constraint of the public sector --
Consequences of insolvency I: high inflation --
Consequences of insolvency II: public sector debt and economic growth --
Measures for achieving fiscal credibility I: central bank independence --
Measures for achieving fiscal credibility II: privatization --
Financial repression --
Financial reform, public policy, and financial crises --
Financial openness and the sequencing of financial reform --
Coping with capital inflows --
Managing an officially-determined rate --
Banking crises and exchange rate crises --
Domestic macroeconomic management in emerging economies: lessons from the crises of the nineties. Table of contents



0521780608 9780521780605 0521785510 (pb.) 9780521785518

2002023391


Macroeconomics.


Developing countries--Economic conditions.

HC59.7 / .M5763 2002

339 / MOM 2003

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