Interest rate policies and economic management in emerging economies

This book provides additional empirical evidence on interest rate policies and economic management for a small island economy like Mauritius. After a selective review of the theoretical and empirical literature on interest rate policies in emerging economies it analyses the process of interest rate liberalization in Mauritius and its economic impact. In the preliminary analysis of financial developments, it raises a number of pertinent issues and formulates some hypotheses for empirical investigation. The book comprises eleven chapters: the first three chapters introduce issues relating to interest rate liberalization in developing countries and discuss the process of liberalization in Mauritius; the remaining six chapters provide an in-depth study and verification of some hypotheses on three main issues, namely, interest rate determination, economic effects of interest rate liberalization and impact of political influences on interest rate policies; while the last chapter concludes and provides policy implications.

Autorentext
Dr K.C Jankee is currently an Associate Professor in Banking and Finance at the University of Mauritius. He is economic and financial consultant to numerous local and international organisations. His main publications and research are in monetary and financial policies. He also serves as a Director in some key institutions in Mauritius and abroad.