How Long to Read Balance-Sheet Shocks and Recapitalizations

How Long Does it Take to Read Balance-Sheet Shocks and Recapitalizations?

It takes the average reader and 26 minutes to read Balance-Sheet Shocks and Recapitalizations by Mr.Damiano Sandri

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

Description

We develop a dynamic stochastic general equilibrium model with financial frictions on both financial intermediaries and goods-producing firms. In this context, due to high leverage of financial intermediaries, balance sheet disruptions in the financial sector are particularly detrimental for aggregate output. We show that the welfare gains from recapitalizing the financial sector in response to large but rare net worth losses are as large as those from eliminating business cycle fluctuations. We also find that these gains are increasing in the size of the net worth loss, are larger when recapitalization funds are raised from the household rather than the real sector, and may increase with a reduction in financial intermediaries idiosyncratic risk.

How long is Balance-Sheet Shocks and Recapitalizations?

Balance-Sheet Shocks and Recapitalizations by Mr.Damiano Sandri is 26 pages long, and a total of 6,656 words.

This makes it 9% the length of the average book. It also has 8% more words than the average book.

How Long Does it Take to Read Balance-Sheet Shocks and Recapitalizations Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 36 minutes to read Balance-Sheet Shocks and Recapitalizations aloud.

What Reading Level is Balance-Sheet Shocks and Recapitalizations?

Balance-Sheet Shocks and Recapitalizations 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 Balance-Sheet Shocks and Recapitalizations?

Balance-Sheet Shocks and Recapitalizations by Mr.Damiano Sandri 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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