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The macroeconomic experience of emerging and developing economies has tended to be quite different from that of industrial countries. Compared to industrial countries, emerging and developing economies have tended to be much more unstable, with more severe boom/bust cycles, episodes of high inflation and a variety of financial crises. This textbook describes how the standard macroeconomic models that are used in industrial countries can be modified to help understand this experience and how institutional and policy reforms in emerging and developing economies may affect their future macroeconomic performance. This second edition differs from the first in offering: extensive new material on themes such as fiscal institutions, inflation targeting, emergent market crises, and the Great Recession; numerous application boxes; end-of-chapter questions; references for each chapter; more diagrams, less taxonomy, and a more reader-friendly narrative; and enhanced integration of all parts of the work.

Macroeconomics --- Economics --- Developing countries --- Economic conditions. --- E-books --- 331.31 --- 333.17 --- 333.481 --- 333.820 --- 336.61 --- NDC / Newly Industrialized Countries --- Economisch beleid --- Crises, saneringen en hervormingen van het bankwezen --- Monetaire crisissen, hervormingen, saneringen en stabilisering --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden --- Financieel beleid --- Macroeconomics. --- Economic policy and planning (general) --- Business, Economy and Management

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Changes in the field of central banking over the past two decades have been nothing short of dramatic. They include the importance of central bank autonomy, the desirability of low and stable inflation, and the vital role played by how central banks communicate their views and intentions to the markets and the public more generally. There remains considerable diversity nevertheless in the institutional framework affecting central banks, the manner in which the stance of monetary policy is determined and assessed, and the forces that dictate the conduct of monetary policy more generally. The global financial crisis, which began in the United States in 2007, only serves to highlight further the importance of central bank policies. The aim of this volume is to take stock of where we are in the realm of the practice of central banking and considers some of the implications arising from the ongoing crisis.

AA / International- internationaal --- 333.111.0 --- 333.80 --- 333.820 --- 333.846.0 --- 333.139.0 --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken. --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden. --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden. --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden. --- Controle en nationalisatie van de banken: algemeen. --- Banks and banking, Central. --- Monetary policy. --- Banks and banking, Central --- Monetary policy --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken --- Controle en nationalisatie van de banken: algemeen --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Business, Economy and Management --- Economics

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This volume collects the proceedings from a conference on the evolution and practice of central banking sponsored by the Central Bank Institute of the Federal Reserve Bank of Cleveland. The articles and discussants' comments in this volume largely focus on two questions: the need for central banks, and how to maintain price stability once they are established. The questions addressed include whether large banks (or coalitions of small banks) can substitute for government regulation and due central bank liquidity provision; whether the future will have fewer central banks or more; the possibility of private means to deliver a uniform currency; if competition across sovereign currencies can ensure global price stability; the role of learning (and unlearning) the lessons of the past inflationary episodes in understanding central bank behavior; and an analysis of the European Central Bank.

Banks and banking, Central. --- Banks and banking. --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Finance --- Financial institutions --- Money --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- AA / International- internationaal --- US / United States of America - USA - Verenigde Staten - Etats Unis --- 333.111.0 --- 333.820 --- 331.162.21 --- 333.840 --- Banks and banking, Central --- 332.11 --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden --- Geschiedenis van de centrale banken --- Verband tussen de économische groei en de geld-, bank-en kredietpolitiek: algemeenheden. Monetaire overwaardering en onderwaardering --- Business, Economy and Management --- Economics

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Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not properly designed and implemented. One of the central questions for countries reforming their financial systems is how to sequence the reforms so as to maximize the benefits of liberalization and contain its risks. Edited by R. Barry Johnston and V. Sundararajan of the IMF's Monetary and Exchange Affairs Department, this book attempts to answer this and related questions by drawing lessons from financial sector reforms in selected countries. In particular, the book surveys financial sector reforms in Indonesia, Thailand, and Korea between the mid-1980s and mid-1990s.

Money. Monetary policy --- Fiscal policy --- Finance --- Politique fiscale --- Finances --- Case studies --- Etudes de cas --- Cas, Etudes de --- 336.2 --- -Fiscal policy --- -AA / International- internationaal --- NDC / Newly Industrialized Countries --- 382.242.0 --- 333.101 --- 336.62 --- 333.820 --- 333.481 --- -Finance --- -336 --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Funding --- Funds --- Economics --- Currency question --- Belastingsakkoorden. Belastingswezen --- Balans van het kapitaalverkeer: algemeenheden. --- Banksysteem en bankstelsel. --- Financiële hervormingen en saneringen. --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden. --- Monetaire crisissen, hervormingen, saneringen en stabilisering. --- Government policy --- 336.2 Belastingen. Belastingswezen. Openbare financien. Belastingspolitiek. Belastingstheorie. Belastingsharmonisatie. Fiskale politiek. Belastingsleer. Belastingsdruk. Belastingstechniek. Belastingsstelsel.Belastingstarief --- 336.2 Belastingsakkoorden. Belastingswezen --- Belastingen. Belastingswezen. Openbare financien. Belastingspolitiek. Belastingstheorie. Belastingsharmonisatie. Fiskale politiek. Belastingsleer. Belastingsdruk. Belastingstechniek. Belastingsstelsel.Belastingstarief --- 336 --- AA / International- internationaal --- Banksysteem en bankstelsel --- Monetaire crisissen, hervormingen, saneringen en stabilisering --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden --- Financiële hervormingen en saneringen --- Balans van het kapitaalverkeer: algemeenheden --- Case studies. --- Banks and Banking --- Exports and Imports --- Finance: General --- Financial Risk Management --- Money and Monetary Policy --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- International Investment --- Long-term Capital Movements --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Current Account Adjustment --- Short-term Capital Movements --- General Financial Markets: Government Policy and Regulation --- Financial Crises --- International economics --- Banking --- Monetary economics --- Financial services law & regulation --- Economic & financial crises & disasters --- Financial sector reform --- Financial crises --- Capital account liberalization --- Capital inflows --- Financial regulation and supervision --- Credit --- Money --- Balance of payments --- Banks and banking --- Capital movements --- Financial services industry --- Indonesia

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How and for whose benefit the European Central Bank (ECB) will work is the most important issue facing Europe, and has been the subject of vast media and academic interest which has already spawned a vast literature of discussion papers in the academic literature, and 'Euro Watch' features. Much of this discussion has been of an increasingly hysterical and political nature and has served to blur rather than inform. This book, written by a team at the ECB, including Otmar Issing the ECB's Chief Economist, provides the first comprehensive, inside, non-technical analysis of the monetary policy strategy, institutional features and operational procedures of the Eurosystem. The goals and the transmission mechanism of monetary policy are explored, as are the theoretical and empirical results underpinning the 'stability-oriented monetary policy strategy' adopted by the ECB. The characteristics of this strategy are also discussed in comparison with suggested alternatives.

Monetary policy --- European Central Bank --- Monetary policy. --- Monetary policy - Europe. --- Money --- Finance --- Business & Economics --- European Central Bank. --- Monetary management --- Economic policy --- Currency boards --- Money supply --- ECB --- Banque centrale européenne --- BCE --- Banco Central Europeo --- Banca centrale europea --- Europäische Zentralbank --- Európska centrálna banka --- E-books --- -banque centrale europeenne --- politique monetaire --- union europeenne --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 334.151.1 --- 334.151.21 --- 333.820 --- -Monetary policy --- -332.494 --- Ue5.2 --- europese centrale bank --- monetair beleid --- europese unie --- EG : economisch en monetair beleid. --- Europese centrale bank. ESCB. Centrale banken. --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden. --- Business, Economy and Management --- Economics --- 332.494 --- banque centrale europeenne --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden --- EG : economisch en monetair beleid --- Europese centrale bank. ESCB. Centrale banken --- EZB --- BUSINESS & ECONOMICS --- Electronic books --- Monetaire politiek --- Europese Centrale Bank --- Euro --- Europese Unie --- Geldpolitik --- Aufsatzsammlung --- Politique mon etaire --- Zone euro --- Money & Monetary Policy --- Europ aische Zentralbank. --- Banque centrale europ eenne. --- Europ aische Union. --- Europa --- Pol itica monetaria. --- Banco Central Europeo. --- Monetary policy - Europe