Money, Banking and the Foreign Exchange Market in Emerging Economies

Tarron Khemraj

in Books from Edward Elgar Publishing

Abstract: Despite the financial liberalization agenda of the mid-1980s, a system of bank oligopolies has developed in both large and small, open developing economies. Mainstream monetary theory tends to assume a capital markets structure and is therefore not well suited to an analysis of these economies. This book outlines a unique theoretical framework that can be used to examine monetary and exchange rate policies in developing economies or other economies in which banks dominate external finance.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: D7 (search for similar items in EconPapers)
Date: 2014
ISBN: 9781782548379
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Chapters in this book:

Ch 1 Motivation and scope of study , pp 1-10

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Ch 2 Stylized facts and bank liquidity preference , pp 11-33

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Ch 3 Oligopolistic banking, compensation and financial stability , pp 34-67

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Ch 4 The bank liquidity trap , pp 68-86

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Ch 5 Compensation and endogenous money in an open economy , pp 87-117

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Ch 6 The investment demand constraint and the FX market , pp 118-149

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Ch 7 Concluding remarks , pp 150-153

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