Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Development Macroeconomics: Fourth Edition

Development Macroeconomics: Fourth Edition

Montiel, Peter J.
Agénor, Pierre-Richard

Hardcover

EconomicsInvesting & Finance

Currently unavailable to order

ISBN10: 0691165394
ISBN13: 9780691165394
Publisher: Princeton Univ Pr
Published: Jun 23 2015
Pages: 792
Weight: 3.40
Height: 1.80 Width: 7.10 Depth: 10.20
Language: English

The global financial crisis triggered severe shocks for developing countries, whose embrace of greater commercial and financial openness has increased their exposure to external shocks, both real and financial. This new edition of Development Macroeconomics has been fully revised to address the more open and less stable environment in which developing countries operate today.

Describing the latest advances in this rapidly changing field, the book features expanded coverage of public debt and the management of capital inflows as well as new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, currency unions, and the choice of an exchange-rate regime. A new chapter on dynamic stochastic general equilibrium (DSGE) models with financial frictions has been added to reflect how the financial crisis has reshaped our thinking on the role of such frictions in generating and propagating real and financial shocks. The book also discusses the role of macroprudential regulation, both independently and through its interactions with monetary policy, in preserving financial and macroeconomic stability.

Now in its fourth edition, Development Macroeconomics remains the definitive textbook on the macroeconomics of developing countries.

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