1.

Record Nr.

UNINA9910659491903321

Titolo

Challenges in Fiscal and Monetary Policies in Mongolia / / Hiroyuki Taguchi [and three others], editors

Pubbl/distr/stampa

Singapore : , : Springer Nature Singapore Pte Ltd., , [2023]

©2023

ISBN

981-19-9365-3

Edizione

[1st ed. 2023.]

Descrizione fisica

1 online resource (255 pages)

Collana

New Frontiers in Regional Science ; ; Volume 66

Disciplina

339.52

Soggetti

Fiscal policy

Fiscal policy - Mongolia

Monetary policy - Mongolia

Mongolia

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

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.

Sommario/riassunto

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. .