A new book, ‘Monetary Economics in Emerging and Developing Countries,’ which aims to offer a comprehensive understanding and solutions to the challenges of monetary economics in Emerging and Developing Countries (EDCs), is to be launched soon.
The book is written by two professors with the University of Ghana, Joshua Yindenaba Abor, and Peter Quartey, together with two counterparts from Cranfield University, Prof Joseph Nellis of and Dr LakshmySubramanian.
It would be launched on Thursday, March 20, 2025, at the Statistical, Social and Economic Research (ISSER) conference facility, University of Ghana, Legon.
Emerging and Developing Countries (EDCs), including Ghana, are nations that are in the process of rapid growth and industrialisation, but still face significant economic, social, and institutional challenges.
The book covering a wide range of topics, including financial systems and markets, money and payment systems, monetary institutions and policies, exchange rate policies, and financial crises, explores the antidotes to the challenges facing these economies.
Emeritus Professor of Economics, Ernest Aryeetey, a reviewer of the book, noted that the scholarly work combined theory with empirical evidence from EDCs, striking a good balance between technical jargon and easy reading for the less technical reader.
He described the book as a valuable resource for policymakers, academics, practitioners, and students seeking to understand the complexities of monetary economics in EDCs.
“I commend the authors for covering very pertinent issues in monetary economics in EDCs and I strongly recommend the book to those interested in understanding monetary economics in EDCs,” said Prof Aryeetey.
One of the key findings of the book was that the behavioural patterns of the monetary system in EDCs were better aligned with classical economic theory than with Keynesian theory, emphasising the importance of strong financial systems in supporting economic development in those countries.
The authors argued that monetary economics could drive economic growth and development by shaping and implementing effective financial policies.
They encouraged policymakers to make good use of the book to understand the global economy and financial policies amidst an increasingly interconnected and competitive world.
