This book highlights the basic principles of monetary economics and their application to developing countries. Fully illustrated and written in an accessible style, it will be an attractive to students wanting to understand the economic aspects of development and those researching in the area. The new edition includes four entirely new chapters, with material on financial crises, including special sections on the Argentinean and Asian Crises, the debates surrounding inflation targeting, and examination of the role and future of financial institutions, such as the World Bank and the IMF.
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