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Managing Economic Volatility and Crises A Practitioner's Guide

  • Erscheinungsdatum: 03.10.2005
  • Verlag: Cambridge University Press
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Managing Economic Volatility and Crises

Explores the phenomenon of economic volatility, which studies show had adverse effects on long-run growth. Economic volatility has come into its own after being treated for decades as a secondary phenomenon in the business cycle literature. This evolution has been driven by the recognition that non-linearities, long buried by the economist's penchant for linearity, magnify the negative effects of volatility on long-run growth and inequality, especially in poor countries. This 2006 collection organizes empirical and policy results for economists and development policy practitioners into four parts: basic features, including the impact of volatility on growth and poverty, commodity price volatility, the financial sector's dual role as an absorber and amplifier of shocks, and the management and prevention of macroeconomic crises. The latter section includes a cross-country study, case studies on Argentina and Russia, and lessons from the debt default episodes of the 1980s and 1990s.

Produktinformationen

    Format: PDF
    Kopierschutz: AdobeDRM
    Erscheinungsdatum: 03.10.2005
    Sprache: Englisch
    ISBN: 9780511138287
    Verlag: Cambridge University Press
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