Challenges in Fiscal and Monetary Policies in Mongolia

The book provides quantitative evidence on fiscal and monetary policies in Mongolia and offers policy recommendations for policymakers and academic circles. It focuses on resource allocation and policy governance in the fiscal and monetary fields, addressing the risk of the resource curse and immaturity in market-based systems. The authors are young leaders of government officials in Mongolia who have been trained in academic research methodologies.

Format: Paperback / softback
Length: 248 pages
Publication date: 14 February 2024
Publisher: Springer Verlag, Singapore

Mongolia is a natural resource-based, transition economy that has faced the risk of the so-called resource curse, including the "Dutch Disease" and immaturity in market-based systems, particularly in financial markets. To address these issues, reforms of resource allocation and policy governance in fiscal and monetary fields have been required. However, there have been only a 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.

Dimension: 235 x 155 (mm)
ISBN-13: 9789811993671
Edition number: 1st ed. 2023