000			03287nam a2200349 a 4500
001			eep9781782548386
003			UtOrBLW
005			20210215104123.0
006			m o d
007			cr un|||||||||
008			140710s2014 enk o 000 0 eng d
010			_a 2014932529
020			_a9781782548386 (e-book)
040			_aUtOrBLW _cUtOrBLW _dUtOrBLW
043			_ad------
050		4	_aHG195 _b.K44 2014
100	1		_aKhemraj, Tarron.
245	1	0	_aMoney, banking and the foreign exchange market in emerging economies _h[electronic resource] / _cTarron Khemraj.
260			_aCheltenham : _bEdward Elgar Pub. Ltd., _c2014.
300			_a1 online resource (176 p.) ; _ccm.
520			_a'One of the fundamental features of the financial system in most small island developing countries is the existence of oligopolistic banking systems. While economists have, for some time now, been working on developing models to explain the behaviour of firms in such market structures, this book is unique as it applies these tools to monetary models of the banking system. In doing so, the text highlights many of the important differences between banking systems in small states and those in larger and more developed markets. Applied researchers, policymakers, students and teachers examining the behaviour of financial systems in small states would find the text quite useful, as it provides fairly accessible theoretical models supported by relevant data and econometric analysis.'--Winston Moore, The University of the West Indies. Despite the financial liberalization agenda of the mid-1980s, a system of bank oligopolies has developed in both large and small, open developing economies. Mainstream monetary theory tends to assume a capital markets structure and is therefore not well suited to an analysis of these economies. This book outlines a unique theoretical framework that can be used to examine monetary and exchange rate policies in developing economies or other economies in which banks dominate external finance. Giving the foreign exchange market a prominent role, this volume presents extensive econometric results and descriptive statistics to support core theoretical ideas, including both micro and macroeconomic models. Topics discussed include oligopoly market power, excess liquidity, bank concentration, interest rate spread and the implications of bank foreign exchange trading on exchange rate stability, foreign exchange rate regime choice and monetary management. Students and scholars of development economics, money and banking, and development finance will find this book a valuable resource, as will policy makers and others affiliated with central banks in developing economies.
588			_aDescription based on online resource; title from title screen (viewed July 17, 2014).
650		0	_aFinance _zDeveloping countries.
650		0	_aFinancial institutions _zDeveloping countries.
650		0	_aForeign exchange market _zDeveloping countries.
651		0	_aDeveloping countries _xEconomic conditions.
651		0	_aDeveloping countries _xEconomic policy.
655		0	_aElectronic books.
710	2		_aEdward Elgar Publishing.
776	1		_z9781782548379 (hardback)
856	4	0	_uhttps://www.elgaronline.com/view/9781782548379.xml
999			_c28613 _d28613