Managing Economic Volatility and Crises

Brian Pinto

ISBN 10: 0521855241 / ISBN 13: 9780521855242

Published by Cambridge University Press, 2005

About this Item

Druck auf Anfrage Neuware - Printed after ordering - 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.

Seller Inventory # 9780521855242

Bibliographic Details

• Title: Managing Economic Volatility and Crises
• Publisher: Cambridge University Press
• Publication Date: 2005
• Language: English
• ISBN 10: 0521855241
• ISBN 13: 9780521855242
• Binding: Buch
• Condition: Neu
• Dimensions: 235W x 157H x 40D millimeters 235 millimeters width by 157 millimeters height by 40 millimeters depth
• Weight: 1135 grams

About this title

Synopsis

Over the past ten years, economic volatility has come into its own after being treated for decades as a secondary phenomenon in business cycle literature. This evolution has been driven by the recognition of the permanent negative effects of volatility on long-run growth and inequality, especially in poor countries. After presenting basic features of volatility, this volume investigates commodity price volatility as an absorber and amplifier of shocks. The collection then examines macroeconomic crises, which are driven by the same phenomena that make volatility difficult to treat effectively.

Book Description

This collection explores the pehnomenon of economic volatility, which studies show had adverse effects on long-run growth, especially in poor countries. Its contribution is to bring together concepts, empirical results, and policy recommendations in a relatively new field in economics. After presenting basic features of volatility, including the impact of volatility on growth and poverty, the volume investigates commodity price volatility and the financial sector in its dual role as an absorber and amplifier of shocks. The collection then examines macroeconomic crises, which are driven by the same phenomena that make volatility difficult to treat effectively.