How Long to Read Capital Controls or Macroprudential Regulation?

How Long Does it Take to Read Capital Controls or Macroprudential Regulation??

It takes the average reader and 35 minutes to read Capital Controls or Macroprudential Regulation? by Mr. Anton Korinek

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

Description

International capital flows can create significant financial instability in emerging economies because of pecuniary externalities associated with exchange rate movements. Does this make it optimal to impose capital controls or should policymakers rely on domestic macroprudential regulation? This paper presents a tractable model to show that it is desirable to employ both types of instruments: Macroprudential regulation reduces overborrowing, while capital controls increase the aggregate net worth of the economy as a whole by also stimulating savings. The two policy measures should be set higher the greater an economy's debt burden and the higher domestic inequality. In our baseline calibration based on the East Asian crisis countries, we find optimal capital controls and macroprudential regulation in the magnitude of 2 percent. In advanced countries where the risk of sharp exchange rate depreciations is more limited, the role for capital controls subsides. However, macroprudential regulation remains essential to mitigate booms and busts in asset prices.

How long is Capital Controls or Macroprudential Regulation??

Capital Controls or Macroprudential Regulation? by Mr. Anton Korinek 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.

How Long Does it Take to Read Capital Controls or Macroprudential Regulation? Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 48 minutes to read Capital Controls or Macroprudential Regulation? aloud.

What Reading Level is Capital Controls or Macroprudential Regulation??

Capital Controls or Macroprudential Regulation? 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 Capital Controls or Macroprudential Regulation??

Capital Controls or Macroprudential Regulation? by Mr. Anton Korinek 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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