ABSTRACT
Developing countries now use monetary policy as part of their adjustment programmes but its targets, the tools, and the theory were developed for advanced countries. Low income countries do not have the sophisticated financial sectors that rich ones can assume, and the shocks and size of adjustment which they face may be much greater. Using six country studies, with special analysis of the roles of the external sector and the informal financial sector, this book analyses the interaction among monetary policy, the financial sector, and development.
TABLE OF CONTENTS
part I|36 pages
The Nature of Monetary Policy and the Financial Sector
part II|188 pages
Country Studies
part III|51 pages
Special Studies
part IV|52 pages
Monetary Policy and the Financial Sector