Monetary and Financial Policies in Developing Countries: Growth and Stabilization

The issue of economic development and monetary stability has produced one of the most passionate debates in economic literature. The authors bring together diverse views on the subject within a coherent framework, some of the aspects discussed include 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; and a study of the relationship between money, credit, the balance of payments, inflation and the exchange rate system.