Review
"The principles of macroeconomics are universal. The details are not. With their weak financial systems and their often poor fiscal control, emerging countries need tailored macroeconomic policies, be it fiscal policy or exchange rate regimes. To understand the issues, and help analyze policies, there can be no better way than to read this book. Based on his considerable expertise, and writing with unusual clarity, Peter Montiel has written what is likely to become the standard reference in the field." Olivier Blanchard, Massachusetts Institute of Technology
"Peter Montiel brings to this fine textbook the rarest of combinations of superb research, teaching skill, and practical experience in emerging markets. The book is a masterpiece of analytic thinking and appealing intuition. This will be the text of choice for the many students who want to understand the macroeconomic crises that continue to plague emerging markets." Bill Easterly, New York University
"A masterful, lucid tour through the wild and woolly world of development macroeconomics. Researchers, policy makers, upper-level undergraduate and graduate students will all appreciate the logical structure of the book, the critical surveys of the empirical literature, and the patient, non-technical exposition of theory. Macroeconomics for Emerging Markets is essential reading for anyone interested in the big issues that dominate the debate on policy reform in today's less developed countries." Ed Buffie, Indiana University
"Peter Montiel has written a wonderful book. It is comprehensive, accessible and rigorous. This volume fills a major gap in the economics literature, and should be read by everyone interested in the emerging nations. I am definitely planning to use it in my MBA courses!" Sebastian Edwards, University of California, Los Angeles
"A tour de force. It combines a rigorous analytical framework with a comprehensive and insightful discussion of monetary, fiscal, and exchange rate policy issues in emerging economies. It should be in high demand--not only as a leading text for courses in macroeconomics but also as a practical guide for policymakers." Morris Goldstein, Institute for International Economics, Washington, DC
"Macroeconomics for Emerging Markets fulfills a very important role in bridging the wide gulf between the `standard macroeconomics textbook' and the issues, problems, and policy challenges that emerging market economies encounter on a day-to-day basis. Montiel deserves high praise for writing a clear, accessible, comprehensive well-researched book, with an excellent mix of theory with facts and evidence. This book will be invaluable as a teaching tool and a great reference for scholars and policymakers." Carmen Reinhart, International Monetary Fund
Book Description
This accessible textbook in macroeconomics is designed specifically for emerging economies. It provides a textbook model that upper-level undergraduate students use to understand economic events in their countries, and separate analysis of the key macroeconomic problem areas that these economies have confronted over the last two decades. These problem areas include fiscal deficits, financial sector reform, and exchange rate policies. The book differs from development textbooks in that it contains up-to-date macroeconomics.
Book Info
Text provides a nonmathematical analysis of key macroeconomic issues faced by emerging economies. Develops an analytical framework that can be used as a model to study short-run macroeconomic issues of stabilization and adjustment. For upper-level undergraduates and graduate students. Softcover, hardcover available from the publisher. DLC: Developing countries--Economic conditions.
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