Monetary Policy in Low Financial Development Countries

This book gives a broad overview of the main monetary policy challenges faced by countries that are in the lower income range, have an underdeveloped financial sector, and are weakly integrated to the international capital market.

List of contents

• Introduction


• 1: Money, central banks, and low financial development countries


• 2: The channels of transmission of monetary policy


• 3: Monetary policy instruments


• 4: Monetary policy trade-offs and monetary policy credibility


• 5: Monetary policy: dealing with fiscal constraints and external price shocks


• 6: The choice of nominal targets in an open economy


• 7: Modeling monetary policy: a brief overview

About the author

Juan Antonio Morales is Professor in the Master's program on Development of the Universidad Católica Boliviana, Bolivia. He has also taught as visiting professor at other Latin American and US universities, as well as at the University of Namur, Belgium. He has a wide experience in policy making, having served over ten years as President of the Central Bank of Bolivia. He has been involved in many research projects on monetary policy and economic development at large and was a consultant in several occasions to international financial institutions and to development agencies.

Paul Reding is Emeritus Professor at the University of Namur, Belgium, where he has taught monetary theory and policy. He has also taught at the Catholic University of Louvain, Belgium. A significant part of his teaching and research has been focused on issues relating to developing countries. He has participated in several research projects and consultancies, at the national and international level, dealing with the challenges faced by economic development in poor countries.

Summary

This book gives a broad overview of the main monetary policy challenges faced by countries that are in the lower income range, have an underdeveloped financial sector, and are weakly integrated to the international capital market.

Product details

• Authors: Juan Antonio Morales, Juan Antonio (Emeritus Professor of Econo Morales, Morales Juan Antonio, Paul Reding
• Publisher: Oxford University Press
• Languages: English
• Product format: Hardback
• Released: 31.07.2021
• EAN: 9780198854715
• ISBN: 978-0-19-885471-5
• No. of pages: 384
• Subjects: Social sciences, law, business > Business > Economics; Economics, Finance, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Money & Monetary Policy, BUSINESS & ECONOMICS / Economics / Macroeconomics, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Development / Economic Development, macroeconomics, Monetary Economics, Development economics & emerging economies, Development economics and emerging economies, Finance and the finance industry