A book on monetary economics, Monetary Economics in Emerging and Developing Countries, co-authored by ISSER Director Prof. Peter Quartey and Prof. Joshua Abor of the University of Ghana Business School (UGBS), has been launched at ISSER. The book also includes contributions from Prof. Joseph G. Nellis of Cranfield University, UK, and Dr. Lakshmi Subramanian from the Centre for Studies in Social Sciences, Calcutta, India. Published by Routledge Publishers, UK, the book provides insights into monetary systems and policies in emerging and developing economies, covering topics such as inflation, exchange rates, central banking, and monetary policy frameworks.
"Without question, Monetary Economics in Emerging and Developing Countries provides the most comprehensive and current analysis on monetary and economic systems in emerging and developing countries. It provides theoretical foundation and practical policy insights. In doing so, it addresses a significant gap in the literature, “said Dr. Zakari Mumuni, First Deputy Governor of the Bank of Ghana, launching the book on behalf of Dr. Johnson P. Asiama, Governor of the Bank of Ghana.
The launch was chaired by Dr. George Agyekum Donkor, President of the ECOWAS Bank for Investment and Development, who appreciated the authors’ contribution to advancing knowledge beyond theory.
Reviews and insights
Dr. Mumuni and Prof. (Mrs.) Vera Fiador, Head of the Department of Finance at UGBS, provided book reviews. Prof. Vera Fiador emphasised the importance of tailoring monetary economics research to developing economies.
"Focusing monetary economics research on developing economies is what we need because we are different. This is a very pivotal text that offers a very in-depth analysis and comprehensive overview of monetary economics tailored specifically to the unique circumstances of emerging and developing economies," she said.
Reflecting on the writing process, Prof. Abor acknowledged the challenges and collective efforts that made the book possible. He thanked his family, research officers, and Prof. Ernest Aryeetey for writing the foreword. He also expressed gratitude to Routledge Publishing for endorsing and publishing the book.
Prof. Peter Quartey spoke about the rigorous process of compiling the book, highlighting how the authors persevered against the initial challenges of data collection.
Publisher's endorsement
In a message of endorsement, the publisher, Routledge Publishing, described the book as:
"A significant piece of scholarly research. One of its key features is that unlike other texts, it does not only focus on developed economies but rather underscores the distinction between developed and emerging and developing economies."
The event was moderated by Journalist Bernard Avle and attended by students, faculty, staff, The event was moderated by Journalist Bernard Avle and attended by students, faculty, staff, public and private sector representatives, and media professionals.
For those interested in learning more about the event and the book, recordings and additional information are available online. To watch the event recording, click here. To obtain a copy of the book and read more about its contents, please refer to the book's dedicated web page for comprehensive details. Below are selected online media reports on the event:
Citi FM Online: New book on Monetary Economics launched to guide policy in emerging markets
Ghana News Agency (GNA): New book to enhance monetary policy in emerging economies launched
Business and Financial Times (B&FT): Experts Urge Tailored Monetary Policies for Developing Economies
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