Economist Joshua Aizenman coedits new book
By Jennifer McNulty
Professor of economics Joshua Aizenman is coeditor of the new
book Managing Economic Volatility and Crises: A Practitioner's
Guide (Cambridge: Cambridge University Press, 2005).
The book addresses two critical policy issues: how to deal
with macroeconomic volatility and how to manage financial crises.
Aizenman and coeditor Brian Pinto, under the auspices of the
World Bank, reviewed and edited papers presented at bank-sponsored
seminars and a conference devoted to the topic.
Aimed at development-policy practitioners, the book is a user-friendly
presentation of empirical and policy results. The book examines
the impact of volatility on growth and poverty, commodity price
volatility, the roles of the financial sector as an absorber
and amplifier of volatility and shocks, and the management and
prevention of macroeconomic crises. It includes a cross-country
study, case studies on Argentina and Russia, as well as lessons
from the debt default episodes of the 1980s and 1990s.
Contributors are affiliated with institutions that include
Harvard University, Georgetown University, the Ministry of Finance
of The Russian Federation, the International Monetary Fund,
and the World Bank.
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