Leon du Toit

Economic crises and stabilisation policy in emerging market economies

An inquiry into the dynamics of output

• Broschiertes Buch

Produktbeschreibung

The recent macroeconomic history of emerging market economies is coloured with economic crises of all kinds, ranging from debt-crises, through hyperinflationary periods to currency crises to name but a few. This, along with the peculiar exposure of emerging markets to international economic shocks have resulted in volatile business cycles in these countries. This work explores the role that stabilisation policy has played in dampening the volatility of these crisis and shock-related business fluctuations. Fiscal and monetary interventions, working mainly through the demand-side of the economy, have been mildly succesful in mitigating the negative economic effects associated with economic crises. The dominance of supply shocks and the institutional origin of economic crises imply that stabilisation policy in emerging markets can only become more effective if appropriate structural changes are encouraged.

Produktdetails

• Verlag: LAP Lambert Academic Publishing
• Seitenzahl: 60
• Erscheinungstermin: 3. Februar 2010
• Englisch
• Abmessung: 220mm x 150mm x 4mm
• Gewicht: 107g
• ISBN-13: 9783838343716
• ISBN-10: 3838343719
• Artikelnr.: 28890950

Autorenporträt

Leon du Toit se interesa principalmente por el estudio de las dimensiones macroeconómicas de la sociedad, en particular de los mercados emergentes. En este trabajo explora el éxito de las respuestas políticas a las crisis económicas para mitigar las consecuencias económicas negativas y hace algunas recomendaciones sobre futuras innovaciones políticas.