际金融课件erolfce.pptVIP

Conclusion Although economic agents in developing countries are no less likely to behave in neoclassical optimizing fashion than their industrial-country inflation are likely to be very similar in developing and in industrial economies,structure matters, and it matters particularly for the issues of short-run stabilization that have long preoccupied macroeconomists. Developing economies share a number of feature not found in industrial-country macroeconomic models, so a somewhat different family of models is required for developing countries and that have been of broad interest in the developing world. Both of these facts call for a specifically “international development finance”. * Keywords Macroeconomic policy; monetarism; structuralism; allocation of resources; market mechanisms; inflation; balance of payments; money growth; devaluation; terms of trade; income elasticities of demand; structure of production; in afant industry; import substitution; stabilization and growth; productivity; wage index; stagflation; government budget; volatility; openness; real exchange rate; fragile credibility; capital inflow; debt crises; exchange regimes; Bretton Woods; financial repression; turnover ratios; liquidity; legal ceilings; credit allocation quotas; credit rationing; monetization ratios; informal financial sector; seigniorage; privatizations; segmentation; supply curve; boom and bust phenomena; self-fulfilling expectation; outward orientation; inflation inertia; sustainability; neoclassical optimizing fashion. * Additional Readings Agenor,Pierre-Richard and Peter J. Montiel. (1999) Development Macroeconomics: 2rd. Princeton University Press. Roubini,Nouriel. (2000) International Macroeconomic Policy: Theory and Evidence From Recent Financial Crises. Mimeo (/~nroubini/) Taylor,John B. (1990) Socially Relevant Policy Analysis. Cambridge,Mass: MIT Press. 姜波克 (1999) 人民币自由兑换和资本管制. 复旦大学出版社 肖灼基等著(2001) 金融市场分析与预测。经济科学出版社 * * Informal financial sector has often arisen.