How Long to Read An Investigation of Some Macro-Financial Linkages of Securitization
By Mangal Goswami
How Long Does it Take to Read An Investigation of Some Macro-Financial Linkages of Securitization?
It takes the average reader and 47 minutes to read An Investigation of Some Macro-Financial Linkages of Securitization by Mangal Goswami
Assuming a reading speed of 250 words per minute. Learn more
Description
Policy-makers have attributed the scale of the credit crisis and its profound impact on money markets (as well as financial sector stability) to the fast rise of securitization and the way it has arguably complicated both the conduct of monetary policy and the effect of interest rate transmission to the real economy. In our study, we examine whether financial innovation, specifically through securitization, has altered the nature of some macro-financial linkages, often with considerable policy implications. We find that securitization activity in the United States (mature market) and South Africa (emerging market) has indeed dampened the interest rate elasticity of real output via the balance sheet channel (while decreasing the interest rate pass-through from policy rates to market rates). That being said, current reservations about securitization do not invalidate the fact that securitization activity helps cushion the immediate impact of interest rate shocks to loan origination, which might be particularly effective in EM countries where poorly developed capital markets provide few alternatives to bank lending.
How long is An Investigation of Some Macro-Financial Linkages of Securitization?
An Investigation of Some Macro-Financial Linkages of Securitization by Mangal Goswami is 46 pages long, and a total of 11,776 words.
This makes it 16% the length of the average book. It also has 14% more words than the average book.
How Long Does it Take to Read An Investigation of Some Macro-Financial Linkages of Securitization Aloud?
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 4 minutes to read An Investigation of Some Macro-Financial Linkages of Securitization aloud.
What Reading Level is An Investigation of Some Macro-Financial Linkages of Securitization?
An Investigation of Some Macro-Financial Linkages of Securitization 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.
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