Challenges in Fiscal and Monetary Policies in Mongolia

Hiroyuki Taguchi, Takeshi Osada, Osamu Ito, Koki Hirota (Herausgeber)

Buch | Softcover

248 Seiten

2024 | 1st ed. 2023
Springer Verlag, Singapore
978-981-19-9367-1 (ISBN)

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This book provides quantitative evidence on the issues in fiscal and monetary policies in Mongolia and presents necessary policy recommendations for policymakers and academic circles. Mongolia belongs to a natural resource-based, transition economy and thus has faced the risk of the so-called resource curse—including the “Dutch Disease” and immaturity in market-based systems, particularly in financial markets. Consequently, reformations of resource allocation and policy governance in fiscal and monetary fields have been required. So far, however, there have been only a very limited number of quantitative studies in the Mongolian economy among the vast literature of Asian studies.

This book applies scientific approaches to address fiscal and monetary issues, such as data-oriented and econometric methods (a structural vector auto-regression model, a spatial econometric model, and panel estimation with fixed effects, among others). In this manner, the book enriches empirical evidence in academic literature and also contributes to evidence-based policymaking. All the authors are young leaders of government officials in the Ministry of Finance, Financial Regulatory Commission, and National Statistics Office in Mongolia, who have been trained in academic research methodologies at Saitama University, Japan, on JICA-JDS scholarships. Thus, academic researchers and policymakers will be prominent members of the target audience for this work.

Hiroyuki Taguchi, Saitama University Takeshi Osada, Saitama University Osamu Ito, Saitama University Koki Hirota, Saitama University

Chapter 1 Analysis of the "Dutch Disease" Effect and Public Financial Management in Mongolian Economy.- Chapter 2 Enhancement in Governance Capacity of the Sovereign Wealth Funds of Mongolia.- Chapter 3 Government Financial Supports for Small and Medium-sized Enterprises (SMEs) in Mongolia.- Chapter 4 Macroprudential Policy to Manage Systemic Risk Deriving from Financial Institutions in Mongolia.- Chapter 5 Inflation Targeting and the Pass-through Effect in Mongolia.- Chapter 6 Stock Market Development and Macroeconomic Policies in Mongolia.- Chapter 7 The Development Stage of Bond Market in Mongolia among Asian countries.

Erscheinungsdatum	13.02.2024
Reihe/Serie	New Frontiers in Regional Science: Asian Perspectives
Zusatzinfo	1 Illustrations, black and white; IX, 248 p. 1 illus.
Verlagsort	Singapore
Sprache	englisch
Maße	155 x 235 mm
Themenwelt	Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
	Technik
	Wirtschaft ► Betriebswirtschaft / Management
	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
Schlagworte	Bond Market • Dutch Disease • Fiscal Policy • Inflation target • monetary policy • Mongolia • Public Financial Management • Small and Medium-sized Enterprises • Sovereign Wealth Funds • Stock Market • systemic risk
ISBN-10	981-19-9367-X / 981199367X
ISBN-13	978-981-19-9367-1 / 9789811993671
Zustand	Neuware