How Long to Read An Imperfect Financial Union With Heterogeneous Regions

How Long Does it Take to Read An Imperfect Financial Union With Heterogeneous Regions?

It takes the average reader 1 hour and 7 minutes to read An Imperfect Financial Union With Heterogeneous Regions by Filippo Balestrieri

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

Description

We analyze a union of financially-integrated yet politically-sovereign countries, where households in the Northern core of the union lend to those in the Southern periphery in a unified debt market subject to a borrowing constraint. This constraint generates sudden stops throughout the South, depresses the intra-union interest rate, and reduces Northern welfare below its unconstrained level, while having ambiguous effects on Southern welfare. During sudden stops, Pareto improvements can be achieved using North-to-South governmental loans if Southern governments have the capacity to commit to repay, or using a combination of Southern debt relief and budget-neutral taxes and subsidies if they do not. From the pre-crisis perspective, it is Pareto-improving to allow loans and debt relief to be negotiated in later sudden-stop periods as long as the regions in the union are sufficiently heterogeneous to begin with. We show that our results are robust to production and to limited financial openness of the union.

How long is An Imperfect Financial Union With Heterogeneous Regions?

An Imperfect Financial Union With Heterogeneous Regions by Filippo Balestrieri is 66 pages long, and a total of 16,896 words.

This makes it 22% the length of the average book. It also has 21% more words than the average book.

How Long Does it Take to Read An Imperfect Financial Union With Heterogeneous Regions Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 32 minutes to read An Imperfect Financial Union With Heterogeneous Regions aloud.

What Reading Level is An Imperfect Financial Union With Heterogeneous Regions?

An Imperfect Financial Union With Heterogeneous Regions 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 Imperfect Financial Union With Heterogeneous Regions?

An Imperfect Financial Union With Heterogeneous Regions by Filippo Balestrieri 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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