1st Edition

Monetary and Financial Policies in Developing Countries Growth and Stabilization

By Anis Chowdhury, Akhtar Hossain Copyright 1996

    The issue of economic development and monetary stability has produced one of the most passionate debates in economic literature. Yet, much of the evidence employed in this debate is contradictory. Monetary and Financial Policies in Developing Countries: Growth and Stabilization brings together diverse views on the subject within a coherent framework. The work includes:
    * a balanced assessment of empirical findings and their theoretical foundations on the role of money and growth
    * a discussion of financial liberalization reform in developing countries
    * an analysis of monetary policy as an instrument of economic stabilization
    * an examination of the monetary supply and demand process in developing countries
    * a study of the relationship between money, credit, the balance of payments, inflation and the exchange rate system
    * a reflection on market failures and the role of government.

    1. Introduction 2. Money and Finance in Economic Growth - A Theoretical Review 3. Money and Finance in Economic Growth - A Review of Empirical Evidence 4. Issues in Financial Liberalization Reform 5. Monetary Policy as a tool of Economic Stabilization 6. Money Supply and the Conduct of Monetary Policy 7. Demand for Money and the Reliability of Monetary Policy 8. Money, Credit, Balance of Payments and Inflation 9. Financial Stability, Monetary Discipline and Institutions. Endnotes. Bibliography.


    Anis Chowdhury, Akhtar Hossain

    'This is an excellent tour d'horizon of a complex and controversial subject.' - Development Policy Review