THE LAUNCHING OF THE BOOK ‘APPLIED MONETARY ECONOMICS’ AT THE BRITISH COUNCIL HALL IN SIERRA LEONE- WEST AFRICA

Photo Credit To Frederic Bastiat Institute

The full title of the 10th BOOK of Prof. Emmanuel. T. Senzu is

 “APPLIED MONETARY ECONOMICS: Theories and Corresponding Policy guides for fragile financial systems.”

The brief exposition of the book is well captured in its ‘preface’ by the author, while the Frederic Bastiat Institute medium is used as a platform to solicit your general and informal opinion or contribution as a fellow or member, based on the brief content available. And such notable comment deem worth, will be captured and documented into the final compilations as an acknowledgement to its conveyor, towards the complete published work.

The following are some of the outlined contents-topics of the book;

i. Financial Inclusion: theory and policy guides for fragile economies

ii. The theory of catallactics; its misapplication in monetary policy of developing economies and consequence

iii. Theoretical proposed policy instrument to address the effect of inflation inflow into positive macroeconomic growth.

iv. Creating an effective transparent banking and financial system to promote foreign direct investment for private sector development.

v. Modern currency exchange rate behaviour and proposed trend-like forecasting model

vi. Theoretical perspective of dynamic credit risk analysis and lending model; effective to Enterprises of fragile economy

vii. Investment attraction, competition and growth; theoretical perspective of fragile economies

viii.The advanced proposed architecture of Eco-currency; technical analysis of West Africa single currency program

ix. Eco- currency; proposition of a monetary policy design for a unitary currency program of a frailty economic zone

 [PREFACE]

The feeling as a Governor of a Central Bank or a Finance Minister within a particular political space of governance, with sincere efforts and actions towards economic planning and management, yet the system lacks evidences of positive influence over the citizens and events, is a helpless experience and makes you feel miserable and to some extent, generally unbearable.

Our modern social system that is perceived to represent the height of civilization and refinement of the old order, depends on quality policies, which set the foundation for the laws that protect the economic system and guide it trickle down transactions on social agents’ relationship and engagements.

All these quality policies generated for social system engineering, as a credit to a democratic welfare State are enacted not in vacuum, but emerge out of sound theories.

Generally, the Orthodox theories of Economies have universally laid the bedrock for both the fiscal and monetary policy applications.

However, due to cultural dynamics and constraint factors of certain emerging economies, present a credibility contestation to some of the orthodoxy economic theories for both the fiscal and monetary policy systemic design for fragile economies. Thereby creating an atmosphere of arbitrary actions from some of these economic managers of such emerging economies, resulting in poor policy infrastructure design, leading to heightened destitute and welfare seeking desperations among citizens in those economic zones.

The author’s ultimate aim of this publication is to lay down an heterodox theoretical argument taken a deep interest in how the Internal cultural psyche of the fragile economic system and related constraint drives the interaction process of the human behaviour, as well as the transactional tenet of such market, to set an axiom of unique policy instruction that understands the basic algorithm of the market engagement, for a sustainable macroeconomic growth, established in a refined discretional framework by its economic managers, and bounded in principles, to grants the Institutions of such market in regaining its ‘power’ of management of the economy as a system, rather than current individual driven power of the market, clouded in manipulation under a political ‘costume’ in certain economic jurisdiction.

To officially engage the author, contact him via the mail tsenzu@fbiresearchedu.org

Or the administrative office at registrar@fbiresearchedu.org

Post source : Frederic Bastiat Institute Library

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