The issue of economic development and monetary stability has
produced one of the most passionate debates in economic literature.
Yet, much of the evidence employed in this debate is contradictory.
Monetary and Financial Policies in Developing Countries: Growth and
Stabilization brings together diverse views on the subject within a
coherent framework. The work includes:
* a balanced assessment of empirical findings and their
theoretical foundations on the role of money and growth
* a discussion of financial liberalization reform in developing
countries
* an analysis of monetary policy as an instrument of economic
stabilization
* an examination of the monetary supply and demand process in
developing countries
* a study of the relationship between money, credit, the balance
of payments, inflation and the exchange rate system
* a reflection on market failures and the role of government.
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