It takes the average reader and 35 minutes to read Assessing Fiscal Sustainability Under Uncertainity by Mr.George Kopits
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Unlike conventional fiscal sustainability assessments, the Value-at-Risk approach developed in this paper explicitly captures the contribution of key risk variables to public sector vulnerability. In an illustrative application to Ecuador, the VaR approach confirms a significant risk of government financial failure stemming from the volatility and comovements of the exchange rate, interest rates, oil prices, and output. Although dollarization has helped attenuate fiscal vulnerability, the volatility of sovereign spreads and of oil prices remain major sources of risk for Ecuador's public sector. The paper concludes with a discussion of policy implications, an evaluation of the methodology, and suggestions for future research.
Assessing Fiscal Sustainability Under Uncertainity by Mr.George Kopits is 35 pages long, and a total of 8,925 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 48 minutes to read Assessing Fiscal Sustainability Under Uncertainity aloud.
Assessing Fiscal Sustainability Under Uncertainity is suitable for students ages 8 and up.
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