Open-Economy Macroeconomics for Developing Countries

Akhand Hossain () and Anis Chowdhury

in Books from Edward Elgar Publishing

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.

Keywords: Development Studies; Economics and Finance (search for similar items in EconPapers)
JEL-codes: F5 (search for similar items in EconPapers)
Date: 1998
ISBN: 9781858982274
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Citations: View citations in EconPapers (15)

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