Financial globalization has made monetary policy formulation in emerging market economies increasingly complicated. This timely set of studies looks at the turmoil in global financial markets, which coupled with volatile inflation poses serious challenges for central banks in these countries....

Economists have long relied on cross-country regression analysis to identify the determinants of continued growth, but with only limited success. This book demonstrates the value of a different approach

Trade reforms and poverty-- the case of Cambodia / Isidro Soloaga -- International exposure, unionization, and market concentration-- the effects on factor use and firm productivity in Uruguay / Carlos Casacuberta, Gabriela Fachola and Néstor Gandelman -- Trade capacity building in Sub-Saharan...