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Monetary Policy in Low Financial Development Countries by Juan Antonio Morales; Paul Reding is a nonfiction available to read on EtoBox.

What is Monetary Policy in Low Financial Development Countries about?

Monetary Policy in Low Financial Development Countries provides a broad coverage of the monetary policy issues faced by developing countries with low financial depth. These low and lower middle income countries are characterized by the predominance of bank finance, shallow financial markets, low financial inclusion, weak integration with world capital markets, and a high degree of informality in economic activity. Monetary policy acquires special twists, making it different in many aspects from the policies followed in advanced and emerging market economies. This book covers the main facets of monetary policy making, using an approach that combines discussions of theoretical arguments, of results from empirical studies and of relevant policy experiences. It presents the monetary policy instruments that central banks rely on in these countries. It assesses the specificities of their monetary transmission mechanism, i.e. the way central banks' actions affect output and prices. It evaluates the advantages, drawbacks, and challenges of the different nominal anchors they may choose from: exchange rate targeting, monetary targeting, and inflation targeting. This discussion is set agains

Who reads Monetary Policy in Low Financial Development Countries?

Author

Juan Antonio Morales; Paul Reding

Publisher

IRL Press at Oxford University Press

Published

2021

Language

EN

ISBN

9780192597021

Category

nonfiction

Subjects

Business, Economics, Finance