Publisher's Synopsis
This text highlights some of the basic principles of monetary economics and their application to the Third World. Drawing on recent data from a wide variety of developing countries, the author discusses central issues such as: money supply and demand and associated problems of stability; causes and consequences of financial liberalization; the "structuralist" versus the "monetarist" debate; inflation and economic development and problems of Third World debt.;This new edition revises earlier material and has new chapters on rural financial institutions, exchange rate policies and the debt crisis in less-developed countries. The book also features case studies and separate technical and mathematical sections.
