This book highlights some of the basic principles of monetary economics and their application to the Third World. Drawing on recent data from a wide variety of developing countries, Subrata Ghatak discusses central issues such as: money supply and demand and associated problems of stability; causes and consequences of financial liberalisation; the 'structuralist' versus the 'monetarist' debate; inflation and economic development and problems of Third World debt. This new edition extensively revises earlier material and has new chapters on Rural Financial Institutions, Exchange Rate Policies and the Debt Crisis in Less Developed Countries. Fully illustrated and written in an accessible style, with case studies and separate technical and mathematical sections, it will be invaluable for students of monetary economics in developing countries. Ch. 1. The Role Of Money In A Less Developed Country -- Ch. 2. The Keynesian And Monetarist Views On The Importance Of Money -- Ch. 3. The Demand For Money In Ldcs: Empirical Results / D. F. Deadman -- Ch. 4. Monetary Institutions In Ldcs -- Ch. 5. Theories Of Money And Economic Growth -- Ch. 6. Money, Inflation And Growth / Subrata Ghatak And Peter Ayre -- Ch. 7. The Polak Model: Its Application To The Ldcs -- Ch. 8. Monetary Policies In Developing Countries -- Ch. 9. International Liquidity, Ldcs And Special Drawing Rights -- Ch. 10. Rural Financial Institutions In Ldcs -- Ch. 11. The International Debt Crisis -- Ch. 12. Exchange Rate Policies In Developing Countries / Kate Phylaktis. Subrata Ghatak. Includes Bibliographical References (p. 243-261) And Index. Front Matter....Pages i-xii The role of money in a less developed country....Pages 1-7 The Keynesian and monetarist views on the importance of money....Pages 8-45 The demand for money in LDCs: empirical results....Pages 46-62 Monetary institutions in LDCs....Pages 63-74 Theories of money and economic growth....Pages 75-93 Money, inflation and growth....Pages 94-132 The Polak model: its application to the LDCs....Pages 133-142 Monetary policies in developing countries....Pages 143-156 International liquidity, LDCs and Special Drawing Rights....Pages 157-174 Rural financial institutions in LDCs....Pages 175-193 The international debt crisis....Pages 194-223 Exchange rate policies in developing countries....Pages 224-242 Back Matter....Pages 243-266 Highlights some of the basic principles of monetary economics and their application to the Third World. The book analyzes central issues such as money supply and demand, the "structuralist" versus the "monetarist" debate, inflation and the problem of Third World debt.
