It takes the average reader and 36 minutes to read Capital Flows in a Transitional Economy and the Sterilization Dilemma by Mr.Pierre L. Siklos
Assuming a reading speed of 250 words per minute. Learn more
This paper compares Hungary’s experience with sterilization with that of other capital inflow episodes. The study focuses on the short-run impact of sterilization on monetary policy. The empirical data indicate that sterilized interventions by the National Bank of Hungary (NBH) were not significant until mid-1994, sometime after the return to power of the former Communist leaders. Thus, in the second half of 1994, the NBH began to demonstrate more firmly its independence by tightening monetary policy. By the beginning of 1995, the direction of fiscal policy had begun to show consonance with the overall aims of monetary policy.
Capital Flows in a Transitional Economy and the Sterilization Dilemma by Mr.Pierre L. Siklos is 36 pages long, and a total of 9,216 words.
This makes it 12% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 50 minutes to read Capital Flows in a Transitional Economy and the Sterilization Dilemma aloud.
Capital Flows in a Transitional Economy and the Sterilization Dilemma 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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