Challenges in Fiscal and Monetary Policies in Mongolia

This book provides quantitative evidence on fiscal and monetary policies in Mongolia and offers policy recommendations for policymakers and academic circles. It applies scientific approaches such as data-oriented and econometric methods to address issues and enrich empirical evidence in academic literature. The authors are young leaders of government officials trained in academic research methodologies.

Format: Hardback
Length: 248 pages
Publication date: 13 February 2023
Publisher: Springer Verlag, Singapore

This comprehensive book offers valuable insights into the complex issues surrounding fiscal and monetary policies in Mongolia, providing a wealth of quantitative evidence to support its recommendations. As a resource-based, transition economy, Mongolia has been grappling with the challenges posed by the so-called resource curse, including the "Dutch Disease" and the immaturity of market-based systems, particularly in the financial sector. Recognizing the need for reform, the book explores the reforms required in resource allocation and policy governance in both the fiscal and monetary fields.

Despite the significant body of literature on Asian studies, there has been a limited number of quantitative studies specifically focused on the Mongolian economy. To address this gap, this book employs scientific approaches, including data-oriented and econometric methods such as structural vector auto-regression models, spatial econometric models, and panel estimation with fixed effects. By employing these rigorous methods, the book not only enriches the empirical evidence in academic literature but also makes a significant contribution to evidence-based policymaking.

The authors of this book are young leaders of government officials in the Ministry of Finance, Financial Regulatory Commission, and National Statistics Office in Mongolia. They have received training in academic research methodologies at Saitama University, Japan, through JICA-JDS scholarships. This training has equipped them with the skills and knowledge necessary to undertake rigorous research and provide valuable insights into fiscal and monetary policies.

The target audience for this comprehensive book includes academic researchers and policymakers interested in understanding the challenges and opportunities in Mongolia's fiscal and monetary policies. The book's insights and recommendations will be particularly valuable to those working in government, international organizations, and academic institutions, as well as those who are interested in developing and implementing effective policies in resource-rich economies.

In conclusion, this book provides a valuable contribution to the literature on fiscal and monetary policies in Mongolia. By offering a wealth of quantitative evidence and employing scientific approaches, it provides insights into the complex issues surrounding resource allocation and policy governance in the country. The authors' expertise and training in academic research methodologies ensure that the book is relevant to both academic researchers and policymakers, and its insights and recommendations will be valuable to those working in government, international organizations, and academic institutions.

Weight: 559g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811993640
Edition number: 1st ed. 2023