'Some people may believe that crises are an inevitable feature of the capitalist system. Others hold that exchange-rate crises will vanish as more and more countries adopt floating exchange rates... But, some of us believe that crises can be avoided or at least limited by good economic management, and that having a reasonable idea of where the equilibrium exchange rate lies is an essential requirement for good macro management...' - John Williamson, Chief Economist, South Asia Region, World Bank 'Exchange Rate Misalignment' provides a comprehensive treatment of the conceptual and empirical issues concerning measuring exchange rate misalignment in developing countries. The report hopes to provide policymakers and their advisors with a compendium of practical techniques for estimating equilibrium real exchange rates. The book analyzes, in detail, four methodologies for the empirical estimation of the long-run equilibrium real exchange rate. The findings of the report include: -- An assessment of alternative empirical measures of the internal and external real exchange rates. -- An up-to-date survey of the literature on estimating equilibrium exchange rates in both industrial and developing countries. -- A detailed presentation of currently available methodologies for empirically estimating the equilibrium exchange rate in developing countries. The analytical depth and practical techniques provided in 'Exchange Rate Misalignment' make this book an invaluable resource for policymakers and foreign exchange specialists in the public and private sector. Published by Oxford University Press for the World Bank.

Exchange Rate Misalignment: Concepts and Measurement for Developing Countries

Business & Money

Montiel, Peter J.

USA, Oxford University Press

Hinkle, Lawrence E.

Economics

World Bank Publications

Macroeconomics in Emerging Markets

The macroeconomic experience of emerging and developing economies has tended to be quite different from that of industrial countries. Compared to industrial countries, emerging and developing economies have tended to be much more unstable, with more severe boom/bust cycles, episodes of high inflation, and a variety of financial crises. This textbook describes how the standard macroeconomic models that are used in industrial countries can be modified to help understand this experience, and how institutional and policy reforms in emerging and developing economies may affect their future macroeconomic performance. This second edition differs from the first in offering - extensive new material on themes such as fiscal institutions, inflation targeting, emergent market crises, and the Great Recession - numerous application boxes - end-of-chapter questions - references for each chapter - more diagrams, less taxonomy, and a more reader-friendly narrative - enhanced integration of all parts of the work.

Cambridge University Press

This accessible textbook in macroeconomics is designed specifically for emerging economies. It provides a textbook model that upper-level undergraduate students use to understand economic events in their countries, and separate analysis of the key macroeconomic problem areas that these economies have confronted over the last two decades. These problem areas include fiscal deficits, financial sector reform, and exchange rate policies. The book differs from development textbooks in that it contains up-to-date macroeconomics.

Development Macroeconomics was hailed on its publication in 1996 for providing a clear, rigorous, and long-needed synthesis of recent work in the field. This revised edition brings that achievement up to date. Addressing an audience of policy-oriented economists and theorists, graduate students, and advanced undergraduates, Pierre-Richard Agénor and Peter Montiel review and assess the burgeoning research done in the past two decades, paying special attention in this new edition to issues that have recently gained in importance among developing countries, such as the interaction between macroeconomic policies and long-term growth, the political economy of macroeconomic reform, the management of capital inflows, and currency crises.
 As Agénor and Montiel show, development macroeconomics has become a vital subdiscipline of macroeconomics. In the past, general macroeconomic perspectives on developing countries were divided into the ideologically charged categories of "monetarist" or "structuralist," but a vast literature has since developed that treats the problems of developing countries with the analytical tools of modern macroeconomics. The authors' coherent and rigorous treatment presents this new analysis and empirical work in an unusually lucid and unified way. It includes extensive empirical material describing the characteristics of the developing-country macroeconomic context. It explores how the analytical tools of modern macroeconomics can be adapted to accommodate such characteristics, and it uses the resulting models to analyze a diverse set of macroeconomic issues that developing countries have confronted in recent years. This is a crucial book for anyone wishing to understand this rapidly changing field.

Development Macroeconomics

Agénor, Pierre-Richard

Princeton University Press

Addressing an audience of policy-oriented economists and theorists, graduate students and advanced undergraduates, this book is the first to synthesize the burgeoning work done in the past fifteen years in the macroeconomics of developing countries, which has now become an important subdiscipline of macroeconomics. In the past general macroeconomic perspectives on developing countries were divided into the ideologically charged categories of "monetarist" or "structuralist," but in recent years a vast literature has developed treating developing country macro problems with the analytical tools of modern macroeconomics. Presenting this new analysis and empirical work in a unified way is the task accomplished by Pierre-Richard Agénor and Peter Montiel's coherent and rigorous treatment.
 Agénor and Montiel include extensive empirical material describing the characteristics of the developing-country macroeconomic context. They explore how the analytical tools of modern macroeconomics can be adapted to accommodate such characteristics and use the resulting models to analyze a diverse set of macroeconomic issues that have confronted developing countries in recent years.

Since it was first published in 1995, Development Macroeconomics has remained the definitive textbook on the macroeconomics of developing countries. Now, in this fully revised and updated third edition, Pierre-Richard Agénor and Peter Montiel cover the latest advances in this rapidly changing field, making this the most up-to-date, authoritative, and comprehensive book available on the macroeconomic issues and challenges developing nations confront today.
 Agénor and Montiel provide completely new and expanded coverage of fiscal discipline, monetary policy regimes, currency and banking crises, monetary unions, management of capital flows, the choice of an exchange-rate regime, public capital and growth, the political economy of stabilization and adjustment--and much more. They review attempts that have been made to adapt standard macroeconomic analysis to conditions in developing economies, and they use a variety of analytical models to address the macroeconomic policy issues that most concern these countries. Agénor and Montiel systematically examine empirical evidence on behavioral assumptions and on the effects of macroeconomic policies in developing nations. They also provide extensive references to literature in the field.
 This new edition of Development Macroeconomics is the ideal introduction for students and an indispensable resource for researchers. 
<ul>
<li>Fully updated and expanded </li>
<li>Provides the most comprehensive treatment of the macroeconomics of developing nations </li>
<li>Features new material on fiscal discipline, monetary policy regimes, currency and banking crises--and much more </li>
<li>Includes extensive references </li>
<li>Serves both as a graduate textbook and a resource for researchers</li>
</ul>

Development Macroeconomics: Third Edition

The global financial crisis triggered severe shocks for developing countries, whose embrace of greater commercial and financial openness has increased their exposure to external shocks, both real and financial. This new edition of Development Macroeconomics has been fully revised to address the more open and less stable environment in which developing countries operate today.
Describing the latest advances in this rapidly changing field, the book features expanded coverage of public debt and the management of capital inflows as well as new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, currency unions, and the choice of an exchange-rate regime. A new chapter on dynamic stochastic general equilibrium (DSGE) models with financial frictions has been added to reflect how the financial crisis has reshaped our thinking on the role of such frictions in generating and propagating real and financial shocks. The book also discusses the role of macroprudential regulation, both independently and through its interactions with monetary policy, in preserving financial and macroeconomic stability.
Now in its fourth edition, Development Macroeconomics remains the definitive textbook on the macroeconomics of developing countries. 
<ul>
<li>The most authoritative book on the subject―now fully revised and expanded</li>
<li>Features new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, and much more</li>
<li>Comes with online supplements on informal financial markets, stabilization programs, the solution of DSGE models with financial frictions, and exchange rate crises</li>
</ul>

Development Macroeconomics: Fourth Edition

International Macroeconomics provides students with an analytically rigorous introduction to the impact of globalization on macroeconomics. * Presents an analytically rigorous introduction to the field and uniquely includes optional econometric studies * Provides a unified macroeconomic model to examine rigorously international macroeconomics and then focuses this model on historic cases, institutions, and specific countries, dealing with various types of macroeconomic crises * Provides a strong policy orientation by an author who worked for many years at the IMF * Is supported by a website with extensive solutions for the problem sets, PowerPoint slides, and an update on the 08-09 meltdown

International Macroeconomics

Wiley/Blackwell

See the best price to sell, buy, or rent books by Montiel, Peter J.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Montiel, Peter J.

See the best price to sell, buy, or rent books by Montiel, Peter J.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Exchange Rate Misalignment: Concepts and Measurement for Developing Countries

Macroeconomics in Emerging Markets

Macroeconomics in Emerging Markets

Macroeconomics in Emerging Markets

Macroeconomics in Emerging Markets

Development Macroeconomics

Development Macroeconomics

Development Macroeconomics: Third Edition

Development Macroeconomics: Fourth Edition

International Macroeconomics