It takes the average reader and 27 minutes to read A New Index of Currency Mismatch and Systemic Risk by Mr.Romain Ranciere
Assuming a reading speed of 250 words per minute. Learn more
This paper constructs a new measure of currency mismatch in the banking sector that controls for bank lending to unhedged borrowers. This measure explicitly takes into account the indirect exchange rate risk that banks undertake when they lend to borrowers that will not be able to repay in the event of a sharp depreciation. Such systemic risk taking is not captured by indicators that are based only on banks’ balance sheet data. The new measure is constructed for 10 emerging European economies and for a broader sample that includes 19 additional emerging economies, for the period 1998 - 2008....
A New Index of Currency Mismatch and Systemic Risk by Mr.Romain Ranciere is 27 pages long, and a total of 6,939 words.
This makes it 9% the length of the average book. It also has 8% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 37 minutes to read A New Index of Currency Mismatch and Systemic Risk aloud.
A New Index of Currency Mismatch and Systemic Risk is suitable for students ages 8 and up.
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