How Long to Read An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09
By Mr.Harun Alp
How Long Does it Take to Read An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09?
It takes the average reader and 22 minutes to read An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09 by Mr.Harun Alp
Assuming a reading speed of 250 words per minute. Learn more
Description
Malaysia was hit hard by the global financial crisis of 2008-09. Anticipating the downturn that would follow the episode of extreme financial turbulence, Bank Negara Malaysia (BNM) let the exchange rate depreciate as capital flowed out, and preemptively cut the policy rate by 150 basis points. Against this backdrop, this paper tries to quantify how much deeper the recession would have been without the BNM's monetary policy response. Taking the most intense year of the crisis as our baseline (2008:Q4-2009:Q3), counterfactual simulations indicate that rather the actual outcome of a -2.9 percent contraction, growth would have been -3.4 percent if the BNM had not implemented countercyclical and discretionary interest rate cuts. Furthermore, had a fixed exchange rate regime been in place, simulations indicate that output would have contracted by -5.5 percent over the same four-quarter period. In other words, exchange rate flexibility and the interest rate cuts implemented by the BNM helped substantially soften the impact of the global financial crisis on the Malaysian economy. These counterfactual experiments are based on a structural model estimated using Malaysian data.
How long is An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09?
An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09 by Mr.Harun Alp is 22 pages long, and a total of 5,544 words.
This makes it 7% the length of the average book. It also has 7% more words than the average book.
How Long Does it Take to Read An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09 Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 30 minutes to read An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09 aloud.
What Reading Level is An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09?
An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09 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 An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09?
An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09 by Mr.Harun Alp 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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