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Managing Economic Volatility and Crises

Name: Managing Economic Volatility and Crises
Brand: Cambridge University Press
SKU: 02047306
Price: 73879 HUF
Availability: InStock
Author: Joshua AizenmanBrian Pinto
ISBN: 9780521855242

A Practitioner's Guide

Joshua AizenmanBrian Pinto

Language

English

Book Hardback

Libristo code: 02047306

Publishers Cambridge University Press, October 2005

Economic volatility has come into its own after being treated for decades as a secondary phenomenon... Full description

Libristo code: 02047306

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73 879 Ft

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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 2006 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.