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Macroeconomic Policies for Emerging and Developing Economies by Partha Ray, A. Vasudevan

Macroeconomic Policies for Emerging and Developing Economies

by Partha Ray , A. Vasudevan
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Book cover type: Hardcover
  • ISBN13: 9789352807192
  • Binding: Hardcover
  • Subject: Economics
  • Publisher: Sage Publications
  • Publisher Imprint: SAGE India
  • Publication Date:
  • Pages: 252
  • Original Price: INR 895.0
  • Language: English
  • Edition: N/A
  • Item Weight: 468 grams
  • BISAC Subject(s): Economics / Macroeconomics

The global financial crisis has proved that economic realities are very different from the traditional assumptions of macroeconomics. Macroeconomic Policies for Emerging and Developing Economies provides a contemporary analytical account and discusses the current debates on the theory and practices of macroeconomic policies of developing economies emerging from the crisis. It deals with issues relating to openness, capital flows and exchange rate policies as well as macro-financial policies. It underscores two important points: the need to design a development strategy that takes into account the economic context of the countries concerned, and for well-regulated macro-financial policies that would help promote the objects of sustainable growth with price and financial stability. This engaging and unrivalled guide to macroeconomic policy goes beyond the standard macroeconomists’ tool kit of monetary, fiscal and exchange rate policies and includes topics such as development strategies and macro-financial policies.

Ray, Partha: - Partha Ray is currently Professor of Economics at the Indian Institute of Management, Calcutta. During 2007-2011, he was Adviser to the Executive Director (India) at the IMF, Washington DC. Earlier he was working in the specialist cadre of Economists in RBI's Economic Research Department during 1989-2006 in various capacities; his last position was Director, Department of Economic and Policy Research, RBI. During 1985-1989, he taught Economics for four years in Calcutta. He has written extensively on issues relating to monetary policy, banking and finance. His recent publications include: Financial and Fiscal Policies: Crises and New Reality (jointly with Y. V. Reddy and Narayan Valluri, 2015), Monetary Policy (2013) and The Global Economic Crisis Through an Indian Looking Glass (jointly with Adarsh Kishore and M. D. Patra; SAGE, 2011).

Vasudevan, A.: - A. Vasudevan is an economist who has occupied various senior advisory positions in central banks both in India and abroad. He had a long stint in the RBI and retired as an Executive Director of the RBI in 2000. He was also Adviser to the Executive Director for India at the IMF, Washington DC, during 1984-1989. During 2012-2016, he was Special Adviser to the Governor, Central Bank of Nigeria; prior to it, during 2006-2009, he was Monetary Operations Adviser on IMF assignment in Nigeria. He was also Visiting Professor (UGC) at Gokhale Institute of Politics & Economics, Pune, in 2004. He has published extensively on Development Economics and Monetary Policy. His recent publications include Central Banking for Emerging Market Economies (2nd edition 2013) and Monetary Governance (2010).

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