- The book bridges theory and practice, offering valuable guidance for students
- The book comes at a crucial time as Ghana addresses inflation and economic challenges
- Dr. Mumuni and Professor Fiador praised the book for monetary policy in emerging economies
A groundbreaking book titled Monetary Economics in Emerging and Developing Countries has been launched, offering fresh insights on monetary policy in developing economies.
The book, written by renowned scholars Professor Joshua Yindenaba Abor, Professor Peter Quartey, Professor Joseph G. Nellis, and Dr. Lakshmy Subramanian, seeks to connect theoretical concepts with real-world applications.
The launch event took place on March 20, 2025, at the ISSER Conference Facility, University of Ghana, and was attended by policymakers, academics, and industry professionals.
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, as the guest of honor, representing the Governor.
During the event, a detailed review of the book was presented by Dr. Mumuni and Professor Vera Fiador, Head of the Finance Department at the University of Ghana Business School. Both reviewers praised the authors for their thorough research and for filling critical gaps in monetary policy literature.
Dr. Mumuni emphasized the book’s importance in shaping monetary policy in emerging economies, especially during challenging economic times. “The book’s exploration of the key differences between emerging and developed economies, along with its analysis of financial systems and the government’s role in stabilizing economies, makes it an essential tool for policymakers, researchers, and students,” he said.
He also highlighted the book’s practical approach and comprehensive insights, calling it a vital resource for graduate students in monetary economics, particularly in developing countries. Professor Fiador praised the book for successfully bridging the gap between theoretical frameworks and their real-world applications, providing actionable recommendations for policymakers.
Co-author Professor Joshua Yindenaba Abor discussed the challenging yet rewarding experience of writing an academic book and encouraged other scholars to contribute to economic literature. “While journal articles are important for academic growth, we also need books that can influence both academia and policy,” he stated.
The event was moderated by Bernard Avle, General Manager of Citi FM/Channel One TV, who noted the book’s timely release, especially as Ghana’s central bank approaches its upcoming Monetary Policy Committee meeting. With growing concerns about inflation, exchange rate stability, and macroeconomic resilience, Monetary Economics in Emerging and Developing Countries is set to become a key resource for policymakers, economists, and students.
The launch represents a significant contribution to academic discourse and practical policy development in the field of monetary economics.
