How Long to Read Capital Inflows, Exchange Rate Flexibility, and Credit Booms

How Long Does it Take to Read Capital Inflows, Exchange Rate Flexibility, and Credit Booms?

It takes the average reader and 24 minutes to read Capital Inflows, Exchange Rate Flexibility, and Credit Booms by Mr.Nicolas E. Magud

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

Description

The prospects of expansionary monetary policies in the advanced countries for the foreseeable future have renewed the debate over policy options to cope with large capital inflows that are, at least partly, driven by low interest rates in the financial centers. Historically, capital flow bonanzas have often fueled sharp credit expansions in advanced and emerging market economies alike. Focusing primarily on emerging markets, we analyze the impact of exchange rate flexibility on credit markets during periods of large capital inflows. We show that bank credit grows more rapidly and its composition tilts to foreign currency in economies with less flexible exchange rate regimes, and that these results are not explained entirely by the fact that the latter attract more capital inflows than economies with more flexible regimes. Our findings thus suggest countries with less flexible exchange rate regimes may stand to benefit the most from regulatory policies that reduce banks' incentives to tap external markets and to lend/borrow in foreign currency; these policies include marginal reserve requirements on foreign lending, currency-dependent liquidity requirements, and higher capital requirement and/or dynamic provisioning on foreign exchange loans.

How long is Capital Inflows, Exchange Rate Flexibility, and Credit Booms?

Capital Inflows, Exchange Rate Flexibility, and Credit Booms by Mr.Nicolas E. Magud is 24 pages long, and a total of 6,096 words.

This makes it 8% the length of the average book. It also has 7% more words than the average book.

How Long Does it Take to Read Capital Inflows, Exchange Rate Flexibility, and Credit Booms Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 33 minutes to read Capital Inflows, Exchange Rate Flexibility, and Credit Booms aloud.

What Reading Level is Capital Inflows, Exchange Rate Flexibility, and Credit Booms?

Capital Inflows, Exchange Rate Flexibility, and Credit Booms 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 Inflows, Exchange Rate Flexibility, and Credit Booms?

Capital Inflows, Exchange Rate Flexibility, and Credit Booms by Mr.Nicolas E. Magud 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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