It takes the average reader and 22 minutes to read Banking Policy and the Pricing of Deposit Guarantees by Mr.W. R. M. Perraudin
Assuming a reading speed of 250 words per minute. Learn more
This paper describes a new approach to pricing government deposit guarantees that uses techniques of stochastic process switching employed in the recent literature on exchange rate determination. Our model avoids inconsistent assumptions about the information available to investors and the government common in previous work based on an option pricing approach. We derive actuarially fair deposit insurance premia and optimal financial reorganization rules and examine the role of banking policies such as capital requirements.
Banking Policy and the Pricing of Deposit Guarantees by Mr.W. R. M. Perraudin is 22 pages long, and a total of 5,544 words.
This makes it 7% the length of the average book. It also has 7% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 30 minutes to read Banking Policy and the Pricing of Deposit Guarantees aloud.
Banking Policy and the Pricing of Deposit Guarantees 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.
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