Macroeconomic stability in developing countries: how much is enough?
"In the 1990s macroeconomic policies improved in a majority of developing countries, but the growth dividend from such improvement fell short of expectations, and a policy agenda focused on stability turned out to be associated with a multiplicity of financial crises. Montiel and Serven take a...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C]
World Bank
[2004]
|
| Schriftenreihe: | Policy research working paper
3456 |
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | "In the 1990s macroeconomic policies improved in a majority of developing countries, but the growth dividend from such improvement fell short of expectations, and a policy agenda focused on stability turned out to be associated with a multiplicity of financial crises. Montiel and Serven take a retrospective look at the content and implementation of the macroeconomic reform agenda of the 1990s. They review the progress achieved with fiscal, monetary, and exchange rate policies across the developing world, and the effectiveness of the changing policy framework in promoting stability and growth. The main lesson is that slow growth and frequent crises resulted, more often than not, from shortcomings in the reform agenda of the 1990s. These shortcomings essentially concern the depth and breadth of the macroeconomic reform agenda, its attention to macroeconomic vulnerabilities, and the complementary reforms outside the macroeconomic sphere. This paper--a joint product of the Office of the Chief Economist, Latin America and the Caribbean Region, and the Poverty Reduction and Economic Management Network--is part of a larger effort in the Bank to draw policy lessons from the development experience of the 1990s"--World Bank web site |
| Beschreibung: | Includes bibliographical references Title from PDF file as viewed on 11/19/2004 |
| Beschreibung: | 1 Online-Ressource |
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| 520 | 3 | |a "In the 1990s macroeconomic policies improved in a majority of developing countries, but the growth dividend from such improvement fell short of expectations, and a policy agenda focused on stability turned out to be associated with a multiplicity of financial crises. Montiel and Serven take a retrospective look at the content and implementation of the macroeconomic reform agenda of the 1990s. They review the progress achieved with fiscal, monetary, and exchange rate policies across the developing world, and the effectiveness of the changing policy framework in promoting stability and growth. The main lesson is that slow growth and frequent crises resulted, more often than not, from shortcomings in the reform agenda of the 1990s. These shortcomings essentially concern the depth and breadth of the macroeconomic reform agenda, its attention to macroeconomic vulnerabilities, and the complementary reforms outside the macroeconomic sphere. This paper--a joint product of the Office of the Chief Economist, Latin America and the Caribbean Region, and the Poverty Reduction and Economic Management Network--is part of a larger effort in the Bank to draw policy lessons from the development experience of the 1990s"--World Bank web site | |
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Datensatz im Suchindex
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| index_date | 2024-07-03T22:27:48Z |
| indexdate | 2024-07-10T09:54:32Z |
| institution | BVB |
| language | English |
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| spelling | Serven, Luis Verfasser aut Macroeconomic stability in developing countries how much is enough? Luis Serven and Peter J. Montiel [Washington, D.C] World Bank [2004] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 3456 Includes bibliographical references Title from PDF file as viewed on 11/19/2004 "In the 1990s macroeconomic policies improved in a majority of developing countries, but the growth dividend from such improvement fell short of expectations, and a policy agenda focused on stability turned out to be associated with a multiplicity of financial crises. Montiel and Serven take a retrospective look at the content and implementation of the macroeconomic reform agenda of the 1990s. They review the progress achieved with fiscal, monetary, and exchange rate policies across the developing world, and the effectiveness of the changing policy framework in promoting stability and growth. The main lesson is that slow growth and frequent crises resulted, more often than not, from shortcomings in the reform agenda of the 1990s. These shortcomings essentially concern the depth and breadth of the macroeconomic reform agenda, its attention to macroeconomic vulnerabilities, and the complementary reforms outside the macroeconomic sphere. This paper--a joint product of the Office of the Chief Economist, Latin America and the Caribbean Region, and the Poverty Reduction and Economic Management Network--is part of a larger effort in the Bank to draw policy lessons from the development experience of the 1990s"--World Bank web site Online-Ausg Also available in print Economic stabilization Developing countries Developing countries / Economic policy Montiel, Peter Sonstige oth World Bank Sonstige oth Serven, Luis Macroeconomic stability in developing countries http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3456 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Serven, Luis Macroeconomic stability in developing countries how much is enough? Economic stabilization Developing countries |
| title | Macroeconomic stability in developing countries how much is enough? |
| title_auth | Macroeconomic stability in developing countries how much is enough? |
| title_exact_search | Macroeconomic stability in developing countries how much is enough? |
| title_exact_search_txtP | Macroeconomic stability in developing countries how much is enough? |
| title_full | Macroeconomic stability in developing countries how much is enough? Luis Serven and Peter J. Montiel |
| title_fullStr | Macroeconomic stability in developing countries how much is enough? Luis Serven and Peter J. Montiel |
| title_full_unstemmed | Macroeconomic stability in developing countries how much is enough? Luis Serven and Peter J. Montiel |
| title_short | Macroeconomic stability in developing countries |
| title_sort | macroeconomic stability in developing countries how much is enough |
| title_sub | how much is enough? |
| topic | Economic stabilization Developing countries |
| topic_facet | Economic stabilization Developing countries |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3456 |
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