Development Macroeconomics: Fourth Edition 
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 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. * The most authoritative book on the subject--now fully revised and expanded* Features new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, and much more* Comes with online supplements on informal financial markets, stabilization programs, the solution of DSGE models with financial frictions, and exchange rate crises 
 
 
 
 



        

            
            

                
Publisher
                
Princeton University Press; Fourth edition (22 Jun. 2015)
            
            
            

                
Dimensions
                
18.03 x 4.57 x 25.91 cm
            
            
            

                
Language
                
English
            
            
            

                
Hardcover
                
792 pages
            
            
            

                
Book Type
                
Hardcover
            
            
            

                
ISBN-10
                
9780691165394
            
            
            

                
ISBN-13
                
978-0691165394
            
            
        
         




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