It takes the average reader 1 hour and 20 minutes to read Can Countries Manage Their Financial Conditions Amid Globalization? by Mr.Nicolas Arregui
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This paper examines the evolving importance of common global components underlying domestic financial conditions. It develops financial conditions indices (FCIs) that make it possible to compare a large set of advanced and emerging market economies. It finds that a common component, “global financial conditions,” accounts for about 20 percent to 40 percent of the variation in countries’ domestic FCIs, with notable heterogeneity across countries. Its importance, however, does not seem to have increased markedly over the past two decades. Global financial conditions loom large, but evidence suggests that, on average, countries still appear to hold considerable sway over their own financial conditions—specifically, through monetary policy. Nevertheless, the rapid speed at which foreign shocks affect domestic financial conditions may also make it difficult to react in a timely and effective manner, if deemed necessary.
Can Countries Manage Their Financial Conditions Amid Globalization? by Mr.Nicolas Arregui is 80 pages long, and a total of 20,000 words.
This makes it 27% the length of the average book. It also has 24% more words than the average book.
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Can Countries Manage Their Financial Conditions Amid Globalization? is suitable for students ages 10 and up.
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