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 o...

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Bibliographic Details
Main Authors:	Montiel, Peter, Servén, Luis
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	ADVERSE CONSEQUENCES ADVERSE EFFECTS ASSET SALES BALANCE OF PAYMENTS BANKING CRISES BANKING SYSTEM BENCHMARKS BORROWING BORROWING COSTS CAPITAL ACCOUNT CAPITAL FLOW CAPITAL FLOWS CAPITAL FORMATION CAPITAL INFLOWS CONTINGENT LIABILITIES CREDIBILITY CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT DEFICITS DEBT DEBT MANAGEMENT DEBT/ DEFAULT RISK DEVALUATION DISINFLATION EARNINGS ECONOMIC GROWTH ECONOMICS EFFECTIVE USE EMERGING MARKETS ENDOGENOUS VARIABLES EXCHANGE RATE EXCHANGE RATE POLICIES EXCHANGE RATE POLICY EXCHANGE RATE VOLATILITY FINANCIAL ASSETS FINANCIAL CRISES FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SYSTEM FISCAL CONSOLIDATION FISCAL COSTS FISCAL DEFICITS FISCAL GAP FISCAL POLICY FISCAL YEARS FOREIGN CURRENCY GDP GDP DEFLATOR GNP GROWTH RATE HUMAN CAPITAL IFIS INCOME INCOME COUNTRIES INCOME DISTRIBUTION INDUSTRIAL ECONOMIES INFLATION INFLATION RATE INFLATION RATES INSTITUTIONAL FRAMEWORK INTEREST RATES INTERNATIONAL FINANCIAL MARKETS MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC REFORM MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET ECONOMIES MATURITY MONETARY POLICY NATIONAL INCOME NET WORTH OUTPUT PAYMENTS ARREARS POLICY ENVIRONMENT PRESENT VALUE PRIVATE CONSUMPTION PUBLIC DEBT PUBLIC EXPENDITURES REAL EXCHANGE RATE REAL EXCHANGE RATES REAL GDP RETIREMENT SEIGNIORAGE SOLVENCY STABILIZATION POLICIES STOCKS SYSTEMIC BANKING CRISES TAX COLLECTION TERMS OF TRADE VALUATION VOLATILITY VULNERABILITY
Online Access:	http://documents.worldbank.org/curated/en/2004/11/5493469/macroeconomic-stability-developing-countries-much-enough http://hdl.handle.net/10986/13998

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http://documents.worldbank.org/curated/en/2004/11/5493469/macroeconomic-stability-developing-countries-much-enough
http://hdl.handle.net/10986/13998

Macroeconomic Stability in Developing Countries:How Much is Enough?

Internet

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