MANAGING ECONOMIC VOLATILITY AND CRISES by Joshua Aizenman (Editor), Brian Pinto (Editor) ( 9780521168595 )

Item Details

Title:

MANAGING ECONOMIC VOLATILITY AND CRISES
A PRACTITIONER'S GUIDE

By:

Joshua Aizenman (Editor), Brian Pinto (Editor)

Format:

Paperback

List price:

£49.00

Our price:

£42.88

Discount:

12.5% off

You save:

£6.12

ISBN 10:

0521168597

ISBN 13:

9780521168595

Availability:

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

3 February, 2011

Pages:

614

Description:

This collection explores the phenomenon of economic volatility, which studies show had adverse effects on long-run growth.

Synopsis:

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 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.

Illustrations:

91 b/w illus. 95 tables

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

Some other items by this author:

DEBT OR EQUITY? (PB)

DISMANTLING RUSSIA'S NONPAYMENTS SYSTEM (PB)

HOW DOES MY COUNTRY GROW? (HB)

MANAGING ECONOMIC VOLATILITY AND CRISES