How Long to Read A Macro Model of the Credit Channel in a Currency Union Member

How Long Does it Take to Read A Macro Model of the Credit Channel in a Currency Union Member?

It takes the average reader and 28 minutes to read A Macro Model of the Credit Channel in a Currency Union Member by Issouf Samaké

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper applies and extends a theoretical model built by Agénor and Montiel (2007) by exploring the effectiveness of government bonds and monetary policy in a small, open, credit-based economy with a fixed exchange rate. The model is applied to Benin, a member of a currency union, using a general equilibrium model with stochastic simulation. Model calibration replicates the historical pattern for 1996–2009. Policy experiments simulated an increase in government securities in Benin’s regional market and a cut in the reserve requirement. Simulations produced mixed results. It appears that, among other factors, excess bank liquidity lowers the effectiveness of monetary policy instruments through the credit channel and that government bonds can help mop up excess bank liquidity.

How long is A Macro Model of the Credit Channel in a Currency Union Member?

A Macro Model of the Credit Channel in a Currency Union Member by Issouf Samaké is 28 pages long, and a total of 7,224 words.

This makes it 9% the length of the average book. It also has 9% more words than the average book.

How Long Does it Take to Read A Macro Model of the Credit Channel in a Currency Union Member Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 39 minutes to read A Macro Model of the Credit Channel in a Currency Union Member aloud.

What Reading Level is A Macro Model of the Credit Channel in a Currency Union Member?

A Macro Model of the Credit Channel in a Currency Union Member is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy A Macro Model of the Credit Channel in a Currency Union Member?

A Macro Model of the Credit Channel in a Currency Union Member by Issouf Samaké is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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