It takes the average reader and 36 minutes to read Accounting for Global Dispersion of Current Accounts by Mr. Jaewoo Lee
Assuming a reading speed of 250 words per minute. Learn more
We undertake a quantitative analysis of the dispersion of current accounts in an open economy version of incomplete insurance model, incorporating important market frictions in trade and financial flows. Calibrated with conventional parameter values, the stochastic stationary equilibrium of the model with limited borrowing can account for about two-thirds of the global dispersion of current accounts. The easing of financial frictions can explain nearly all changes in the current account dispersion in the past four decades whereas the easing of trade frictions has almost no impact on the current account dispersion.
Accounting for Global Dispersion of Current Accounts by Mr. Jaewoo Lee is 36 pages long, and a total of 9,216 words.
This makes it 12% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 50 minutes to read Accounting for Global Dispersion of Current Accounts aloud.
Accounting for Global Dispersion of Current Accounts is suitable for students ages 8 and up.
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