How Long to Read Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs

How Long Does it Take to Read Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs?

It takes the average reader and 43 minutes to read Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs by Zefeng Chen

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

Description

In emerging Asia, banks constitute the dominant source of financing consumption and investment, and bank balance sheets comprise large gross FX assets and liabilities. This paper extends the DSGE model of Gertler and Karadi (2011) to incorporate these key features and estimates a panel vector autoregression on ten Asian economies to understand the role of the banking sector in transmitting spillovers from the global financial cycle to small open economies. It also evaluates the effectiveness of foreign exchange intervention (FXI) and other macroeconomic policies in responding to external financing shocks. External financial shocks affect net external liabilities of banks and the exchange rate, leading to changes in credit supply by banks and investment. For example, a capital outflow shock leads to a deprecation that reduces the net worth and intermediation capacity of banks exposed to foreign currency liabilities. In such cases, the exchange rate acts as shock amplifier and sterilized FXI, often deployed by Asian economies, can help cushion the economy. By contrast, with real shocks, the exchange rate serves as a shock absorber, and any FXI that weakens that function can be costly. We also explore the effectiveness of the monetary policy interest rate, macroprudential policies (MPMs) and capital flow management measures (CFMs).

How long is Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs?

Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs by Zefeng Chen is 43 pages long, and a total of 10,879 words.

This makes it 15% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 59 minutes to read Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs aloud.

What Reading Level is Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs?

Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs 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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Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs by Zefeng Chen 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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