Macroeconomics and Markets in Developing and Emerging Economies

The book presents and further develops basic principles and concepts in international finance and open economy macroeconomics to make them more relevant for emerging and developing economies (EDEs). The volume emphasises the necessity of greater knowledge of context as populous Asian economies integrate with world markets, as well as the rapidly changing nature of the area due to rethinking after the global financial crisis. It addresses a host of themes including key issues such as exchange rate economics, macroeconomic policy in an open economy, analytical frameworks for and experience of EDEs after liberalization, the international financial system, currency and financial crises, continuing risks, and regulatory response.

This book will be useful to scholars and researchers of economics, especially in macroeconomics, business and finance, and development studies.

Ashima Goyal is Professor at the Indira Gandhi Institute of Development Research, Mumbai, India. She is the author of the book Developing Economy Macroeconomics: Fresh Perspectives (1999) as well as numerous research articles; and editor of Macroeconomics and Markets in India: Good Luck or Good Policy? (2012); Handbook of the Indian Economy in the 21st Century: Understanding the Inherent Dynamism (2014); and A Concise Handbook of the Indian Economy in the 21st Century (2015). She was Visiting Fellow at the Economic Growth Centre, Yale University, and a Fulbright Senior Research Fellow at Claremont Graduate University, USA. She won two best research awards at GDN meetings in Tokyo (2000) and Rio de Janeiro (2001), was selected as one of the four most powerful women in economics and a thought leader by Business Today (2008), and was the first Professor P. R. Brahmananda Memorial Research Grant awardee (2011) for a study on the History of Monetary Policy in India since Independence (2014).