A groundbreaking new book, Monetary Economics in Emerging and Developing Countries, has been launched to provide fresh perspectives on monetary policy in developing economies.
Authored by distinguished scholars Professor Joshua Yindenaba Abor, Professor Peter Quartey, Professor Joseph G. Nellis, and Dr. Lakshmy Subramanian, the book aims to bridge theoretical frameworks with real-world applications.
The launch event, held at the ISSER Conference Facility at the University of Ghana on March 20, 2025, brought together policymakers, academics, and industry experts.
Dr. George Agyekum Donkor, President of the ECOWAS Bank for Investment and Development, chaired the event, with Dr. Zakari Mumuni, First Deputy Governor of the Bank of Ghana, serving as the guest of honor on behalf of the Governor.
A key highlight of the event was a critical review of the book presented by Dr. Mumuni and Professor Vera Fiador, Head of the Finance Department at the University of Ghana Business School.
Both reviewers lauded the authors for their meticulous research and for addressing crucial gaps in monetary policy literature.
Dr. Mumuni emphasised the book’s significance in guiding monetary policy in emerging economies, particularly amid ongoing economic challenges.
“The book’s analysis of the fundamental differences between emerging and developed economies, coupled with its exploration of financial system dynamics and the role of government in stabilising economies, makes it a cutting-edge resource for policymakers, researchers, and students alike,” he stated.
He further highlighted its balanced approach, comprehensive coverage, and practical insights, positioning it as a vital reference for graduate students in monetary economics, especially in developing nations.
Professor Fiador underscored how the book successfully bridges the gap between theoretical monetary policy frameworks and their real-world applications.
“Beyond theory, it offers practical recommendations that can be leveraged by policymakers. Comparing these insights with experiences in developed economies makes this book an invaluable resource,” she noted.
Co-author Professor Joshua Yindenaba Abor reflected on the demanding yet rewarding nature of writing an academic book. Encouraging fellow academics to contribute actively to economic literature, he remarked, “Journal articles are important for academic progression, but we must also write books that influence both academia and policy.”
The event was moderated by Bernard Avle, General Manager of Citi FM/Channel One TV, who stressed the book’s timely release, particularly as Ghana’s central bank prepares for its upcoming Monetary Policy Committee meeting.
With growing concerns over inflation, exchange rate stability, and macroeconomic resilience, Monetary Economics in Emerging and Developing Countries is set to become an essential resource for policymakers, economists, and students.
Its launch marks a significant contribution to both academic discourse and practical policy formulation in the field of monetary economics.
