Macroeconomics in Emerging Markets - Hardcover

Montiel, Peter J.

Hardcover

ISBN 10: 052151472X ISBN 13: 9780521514729

Publisher: Cambridge University Press, 2011

Synopsis

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.

About this title

About the Author

Peter J. Montiel is Farleigh S. Dickinson, Jr, '41 Professor of Economics at Williams College, Massachusetts. He formerly taught at Florida International University, Amherst College and Oberlin College. Professor Montiel held positions as Senior Policy Advisor at the International Monetary Fund and as Chief of the Macroeconomics and Growth Division of the Policy Research Department of the World Bank. He has served on the editorial board of several professional journals and is a past Associate Editor of World Development. He is the author of nine books, including most notably the three editions of Development Economics (with Pierre-Richard Agenor) and a large number of articles in professional journals. Professor Montiel has been a Visiting Scholar at the IMF, the World Bank, the Inter-American Development Bank, the University of Manchester, the University of Helsinki and the Monetary Authority of Singapore.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2011
• Language: English
• ISBN 10: 052151472X
• ISBN 13: 9780521514729
• Binding: Hardcover
• Edition number: 2
• Number of pages: 778