Monetary Policy in Developing Countries

Business & Finance, Economics
Cover of the book Monetary Policy in Developing Countries by , Taylor and Francis
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Author: ISBN: 9781136139246
Publisher: Taylor and Francis Publication: October 11, 2013
Imprint: Routledge Language: English
Author:
ISBN: 9781136139246
Publisher: Taylor and Francis
Publication: October 11, 2013
Imprint: Routledge
Language: English

Developing countries now use monetary policy as part of their adjustment programmes but its targets, the tools, and the theory were developed for advanced countries. Low income countries do not have the sophisticated financial sectors that rich ones can assume, and the shocks and size of adjustment which they face may be much greater. Using six country studies, with special analysis of the roles of the external sector and the informal financial sector, this book analyses the interaction among monetary policy, the financial sector, and development.

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Developing countries now use monetary policy as part of their adjustment programmes but its targets, the tools, and the theory were developed for advanced countries. Low income countries do not have the sophisticated financial sectors that rich ones can assume, and the shocks and size of adjustment which they face may be much greater. Using six country studies, with special analysis of the roles of the external sector and the informal financial sector, this book analyses the interaction among monetary policy, the financial sector, and development.

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