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Open-Economy Macroeconomics for Developing Countries

Author

Listed:
  • Akhand A. Hossain
  • Anis Chowdhury

Abstract

Open-Economy Macroeconomics for Developing Countries focuses on fiscal, monetary and exchange rate issues of importance to less developed economies. The book argues that the dichotomy between the short-term macroeconomic stabilization goal and the long-term economic growth objective commonly found in developing countries’ policy framework is inappropriate. The authors report empirical evidence to support the proposition that macroeconomic stability is a pre-requisite for sustained economic growth and the root of macroeconomic instability in developing countries lies in the government budget deficits.

Suggested Citation

  • Akhand A. Hossain & Anis Chowdhury, 1998. "Open-Economy Macroeconomics for Developing Countries," Books, Edward Elgar Publishing, number 831.
    • Handle: RePEc:elg:eebook:831
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    File URL: http://www.e-elgar.com/shop/isbn/9781858982274
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    Citations

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    Cited by:

    1. Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777.
    2. Mark J. Holmes, 2004. "Can African Countries Achieve Long‐Run Real Exchange Rate Depreciation Through Nominal Exchange Rate Depreciation?," South African Journal of Economics, Economic Society of South Africa, vol. 72(2), pages 305-323, June.
    3. Gourishankar S. Hiremath, 2018. "Macroeconomics and Markets in Developing and Emerging Economies by Ashima Goyal," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 16(1), pages 309-312, March.
    4. Baharumshah, Ahmad Zubaidi & Liew, Venus Khim-Sen & Chowdhury, Ibrahim, 2010. "Asymmetry dynamics in real exchange rates: New results on East Asian currencies," International Review of Economics & Finance, Elsevier, vol. 19(4), pages 648-661, October.
    5. Ayele, Gashaw Tsegaye, 2011. "Challenges to Monetary Policy Transmission to Consumer Prices in Ethiopia," MPRA Paper 118058, University Library of Munich, Germany.
    6. Nikolay Nenovsky & Yorgos Rizopoulos, 2003. "Extreme Monetary Regime Change: Evidence from Currency Board Introduction in Bulgaria," Journal of Economic Issues, Taylor & Francis Journals, vol. 37(4), pages 909-941, December.
    7. Nikolay Nenovsky & Kalina Dimitrova, 2002. "Dual Inflation Under the Currency Board: The Challenges of Bulgarian EU Accession," William Davidson Institute Working Papers Series 487, William Davidson Institute at the University of Michigan.
    8. Busato, Francesco & Varlese, Monica & Ulloa Severino, Claudia, 2022. "Public debt heterogeneity at country level: an empirical analysis," MPRA Paper 113812, University Library of Munich, Germany.
    9. Salih BARIŞIK & Ferdi KESİKOĞLU, 2010. "Makro ekonomik değişken olarak bütçe açığı-cari açık ilişkisi: Gelişmekte olan piyasalar örneği," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 25(294), pages 109-127.
    10. Mark J. Holmes, 2000. "The Output-Inflation Trade-off in African Less Developed Countries," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 25(1), pages 41-55, June.
    11. Sylvanus Ikhide, 2003. "Was There a Credit Crunch in Namibia Between 1996-2000?," Journal of Applied Economics, Universidad del CEMA, vol. 6, pages 269-290, November.
    12. Mark J. Holmes & Ping Wang, 2005. "Do African Countries Move Asymmetrically Towards Purchasing Power Parity?," South African Journal of Economics, Economic Society of South Africa, vol. 73(2), pages 292-301, June.
    13. Akhand Akhtar Hossain, 2015. "The Evolution of Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 14611.
    14. Samwel Mwigeka, 2016. "Do Budget Deficit Crowds Out Private Investment: A Case of Tanzanian Economy," International Journal of Business and Management, Canadian Center of Science and Education, vol. 11(6), pages 183-183, May.

    More about this item

    Keywords

    Development Studies; Economics and Finance;

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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