Monetary Economics in Developing Countries

This book highlights some of the basic principles of monetary economics and their application to the Third World. Drawing on recent data from a wide variety of developing countries, Subrata Ghatak discusses central issues such as: money supply and demand and associated problems of stability; causes and consequences of financial liberalisation; the 'structuralist' versus the 'monetarist' debate; inflation and economic development and problems of Third World debt. This new edition extensively revises earlier material and has new chapters on Rural Financial Institutions, Exchange Rate Policies and the Debt Crisis in Less Developed Countries. Fully illustrated and written in an accessible style, with case studies and separate technical and mathematical sections, it will be invaluable for students of monetary economics in developing countries.