Monetary policy in developing countries
By: edited by Sheila Page.
Contributors: Page, Sheila.; Overseas Development Institute (London, England)
Publisher: Routledge; ODI
Published: 1993
Place of publication: London; New York; London
Language: eng
Number of pages: 368
Subjects: Monetary policy -- Developing countries.
Description: Developing countries must now use monetary policy as part of their adjustment programmes but its targets, the techniques, and the theory were developed for advanced countries. Low income countries do no have the sophisticated financial sectors that rich ones can assume, and the shocks and size of adjustments which they face may be much greater. Using six country studies, with special analysis of the roles of the external sector and the informal financial sector, this book analyses the interaction between monetary policy, the financial sector, and development.
Notes: Includes bibliographical references (p. 339-357) and index.
Based on studies done by the Overseas Development Institute (ODI), presented along with parallel studies at a joint conference with Harvard Institute for International Development held in September 1991 at ODI.