Issues in Monetary, Financial and Macroeconomic Adjustment Policies

This collection of survey articles sheds light on crucial questions in the field of monetary, financial and macroeconomic policy. Applies rigorous economic theory and empirical analysis to important practical policy issues. Considers the role of the financial sector in economic development. Looks at why financial crises occur and how they can be avoided. Discusses the relationship between macroeconomic adjustment and poverty. Asks if low-inflation rate regimes are at risk from the ‘zero bound’ to nominal interest rates. Provides accessible overviews of recent research into these questions.

1. Monetary, Financial and Macroeconomic Adjustment Policies – An Overview: Stuart Sayer. 2. Financial Liberalisation and Economic Development – An Assessment: Paul Auerbach and Jalal Uddin Siddiki. 3. Financial Markets, Development and Economic Growth: Tales of Informational Asymmetries: Salvator Capasso. 4. An Exegesis on Currency and Banking Crises: Janice Boucher Breuer. 5. The Changing Nature of Currency Crises: Sweta C. Saxena. 6. Macroeconomic Adjustment and the Poor: Analystical Issues and Cross-Country Evidence: Pierre-Richard Agenor. 7. The Asymmetric Effects of Monetary Policy: Anna Florio. 8. Monetary Policy and the Zero Bound to Interest Rates: A Review: Tony Yates. Index.