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Erschienen in:
2004 | OriginalPaper | Buchkapitel
Conducting Macroeconomic Policy in Developing Countries: Piece of Cake or Mission Impossible?
verfasst von : Graham Bird
Erschienen in: International Finance and the Developing Economies
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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Recent economic crises in East Asia and Latin America have once again raised serious questions about the conduct of macroeconomic policy in developing countries. In the early 1980s the Latin America debt crisis was attributed by some observers to domestic economic mismanagement in the indebted countries. Similarly, Africa’s poor economic performance has often been put down to overexpansionary monetary and fiscal policy and currency overvaluation.