Managing Economic Volatility and Crises: A Practitioner's Guide / Edition 1

Managing Economic Volatility and Crises: A Practitioner's Guide / Edition 1

by Joshua Aizenman
     
 

ISBN-10: 0521855241

ISBN-13: 9780521855242

Pub. Date: 09/30/2005

Publisher: Cambridge University Press

Over the past ten years, economic volatility has come into its own after being treated for decades as a secondary phenomenon in business cycle literature. This evolution has been driven by the recognition of the permanent negative effects of volatility on long-run growth and inequality, especially in poor countries. After presenting basic features of volatility, this…  See more details below

Overview

Over the past ten years, economic volatility has come into its own after being treated for decades as a secondary phenomenon in business cycle literature. This evolution has been driven by the recognition of the permanent negative effects of volatility on long-run growth and inequality, especially in poor countries. After presenting basic features of volatility, this volume investigates commodity price volatility as an absorber and amplifier of shocks. The collection then examines macroeconomic crises, which are driven by the same phenomena that make volatility difficult to treat effectively.

Product Details

ISBN-13:
9780521855242
Publisher:
Cambridge University Press
Publication date:
09/30/2005
Edition description:
New Edition
Pages:
614
Product dimensions:
5.98(w) x 8.98(h) x 1.42(d)

Table of Contents

Contributors; Acknowledgements; Foreword; Overview Joshua Aizenman and Brian Pinto; Part I. What Is Volatility and Why Does It Matter?: 1. Volatility: definitions and consequences Holger Wolf; 2. Volatility and growth Viktoria Hnatkovska and Norman Loayza; 3. Volatility, income distribution, and poverty Thomas Laursen and Sandeep Mahajan; Part II. Commodity Prices and Volatility: 4. Agricultural commodity price volatility Jan Dehn, Christopher Gilbert, and Panos Varangis; 5. Managing oil booms and busts in developing countries Julia Devlin and Michael Lewin; Part III. Finance and Volatility: 6. Finance and volatility Stijn Claessens; 7. Evaluating pricing signals from the bond markets John J. Merrick, Jr; Part IV. Managing Crises: 8. Managing macroeconomic crises: policy lessons Jeffrey Frankel and Shang-Jin Wei; 9. Lessons from the Russian crisis of 1998 and recovery Brian Pinto, Evsey Gurvich, and Sergei Ulatov; 10. Argentina's macroeconomic collapse: causes and lessons Luis Servén and Guillermo Perry; 11. Default episodes in the 1980s and 1990s: what have we learned? Punam Chuhan and Federico Sturzenegger; Technical appendix Viktoria Hnatkovska; Index.

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