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Return to Book Page. Macroeconomics in Emerging Markets by Peter J. Macroeconomics in Emerging Markets 4. The macroeconomic experience of emerging and developing economies has tended to be quite different from that of industrial countries. This textbook describes how the stand The macroeconomic experience of emerging and developing economies has tended to be quite different from that of industrial countries.
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 - enhanced integration of all parts of the work.
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Based on his considerable expertise, and writing with unusual clarity, Peter Montiel has written what is likely to become the standard reference in the field. The book is a masterpiece of analytic thinking and appealing intuition. This will be the text of choice for the many students who want to understand the macroeconomic crises that continue to plague emerging markets. Researchers, policy makers, upper-level undergraduate and graduate students will all appreciate the logical structure of the book, the critical surveys of the empirical literature, and the patient, non-technical exposition of theory.
It is comprehensive, accessible and rigorous.
This volume fills a major gap in the economics literature, and should be read by everyone interested in the emerging nations. I am definitely planning to use it in my MBA courses! It combines a rigorous analytical framework with a comprehensive and insightful discussion of monetary, fiscal, and exchange rate policy issues in emerging economies. It should be in high demand - not only as a leading text for courses in macroeconomics but also as a practical guide for policymakers.
With their focus squarely on the developed economies, in standard macroeconomics textbooks monetary and fiscal policy are always countercyclical and devaluations are always expansionary; this book helps the reader understand why things may not quite work out that way in emerging markets. Montiel provides us with a clear and simple framework that can be used to analyze a variety of the complex issues that emerging markets face - ranging from debt problems to high inflation and lack of credibility.
In chapter after chapter the analysis crystallizes why emerging markets may face a different set of challenges than the developed economies. Montiel deserves high praise for writing a clear, accessible, comprehensive well-researched book, with an excellent mix of theory with facts and evidence. This book will be invaluable as a teaching tool and a great reference for scholars and policymakers. This book is an excellent source for mainstream thought on macroeconomic policy for emerging markets.
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Log in Register Recommend to librarian. This book has been cited by the following publications. This list is generated based on data provided by CrossRef. Journal of Quantitative Economics, Vol. A new theory of innovation and growth: Studies in Economics and Finance, Vol. Hossain, Akhand Akhtar and Arwatchanakarn, Popkarn Inflation and inflation volatility in Thailand.
Paul Krugman already referred to this "double standard" of financial markets in The Return of Depression Economics , but Peter Montiel elaborates on this theme, linking it to self-fulfilling liquidity crises and his discussion of financial sector fragility in earlier chapters. Please enter a valid email address Email already added. In doing so, this book also shows that clear and precise analytical writing on macro economics can be done without casting each and every argumentation into a mathematical mould. Coping with Capital Inflows. Page 1 of 1 Start over Page 1 of 1.
Hossain, Akhand Akhtar Inflation volatility, economic growth and monetary policy in Bangladesh. The Journal of Fixed Income, Vol. Pierdzioch, Christian and Kizys, Renatas Fundamentals or Speculative Bubbles? International Economic Journal, Vol. Annicchiarico, Barbara and Piergallini, Alessandro International Monetary Fund Is the Current Crisis Different?
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Exchange Rates and Prices under Processing Trade: Atlantic Economic Journal, Vol. Azar, Samih Antoine Journal of Emerging Market Finance, Vol. The Singapore Economic Review, Vol. International Review of Applied Economics, Vol. Cambridge University Press Online publication date: December Print publication year: Export citation Recommend to librarian Recommend this book. Macroeconomics in Emerging Markets. Please enter a valid email address Email already added. Actions for selected content:.
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Macroeconomics in Emerging Markets 2nd Edition. Ships from and sold by bahana-line.com This item:Macroeconomics in Emerging Markets by Peter J. Montiel Paperback $ Cambridge Core - Economic Theory - Macroeconomics in Emerging Markets - by Peter J. Montiel.
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