Challenges in Fiscal and Monetary Policies in Mongolia

Hiroyuki Taguchi, "Challenges in Fiscal and Monetary Policies in Mongolia "
English | ISBN: 9811993645 | 2023 | 257 pages | PDF | 6 MB
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.