Bankers and academic economists from many countries around the world ponder the pitfalls that emerging markets are likely to encounter as they grow and are subsumed into global capitalism, and
describe decisions concerning monetary policy that will have to be made in order to avoid derailing the country and jeopardizing the world economy as a whole. First they set out a number of
principles, among them the pursuit of monetary and financial stability, implementing inflation targets, and fear of appreciation. Then they cite case studies in 11 countries and regions, which
include China, Brazil, Serbia, Africa, and Zambia. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)
