Conducting Macroeconomic Policy in Developing Countries: Piece of Cake or Mission Impossible?

Graham Bird

Chapter 1 in International Finance and the Developing Economies, 2004, pp 1-13 from Palgrave Macmillan

Abstract: Abstract Recent economic crises in East Asia and Latin America have once again raised serious questions about the conduct of macroeconomic policy in developing countries. In the early 1980s the Latin America debt crisis was attributed by some observers to domestic economic mismanagement in the indebted countries. Similarly, Africa’s poor economic performance has often been put down to overexpansionary monetary and fiscal policy and currency overvaluation.

Keywords: Exchange Rate; Interest Rate; Monetary Policy; International Monetary Fund; Fiscal Policy (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59984-0_1

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DOI: 10.1057/9780230599840_1

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