How Long to Read Central Bank Independence and Inflation in Latin America—Through the Lens of History

How Long Does it Take to Read Central Bank Independence and Inflation in Latin America—Through the Lens of History?

It takes the average reader and 56 minutes to read Central Bank Independence and Inflation in Latin America—Through the Lens of History by Mr. Luis Ignacio Jácome

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

Description

We study the link between central bank independence and inflation by providing narrative and empiricial evidence based on Latin America’s experience over the past 100 years. We present a novel historical dataset of central bank independence for 17 Latin American countries and recount the rocky journey traveled by Latin America to achieve central bank independence and price stability. After their creation as independent institutions, central bank independence was eroded in the 1930s at the time of the Great Depression and following the abandonement of the gold exchange standard. Then, by the 1940s, central banks turned into de facto development banks under the aegis of governments, sawing the seeds for high inflation. It took the high inflation episodes of the 1970s and 1980s and the associated major decline in real income, and growing social discontent, to grant central banks political and operational independence to focus on fighting inflation starting in the 1990s. The empirical evidence confirms the strong negative association between central bank independence and inflation and finds that improvements in independence result in a steady decline in inflation. It also shows that high levels of central bank independence are associated with reductions in the likelihood of high inflation episodes, especially when accompanied by reductions in central bank financing to the central government.

How long is Central Bank Independence and Inflation in Latin America—Through the Lens of History?

Central Bank Independence and Inflation in Latin America—Through the Lens of History by Mr. Luis Ignacio Jácome is 55 pages long, and a total of 14,025 words.

This makes it 19% the length of the average book. It also has 17% more words than the average book.

How Long Does it Take to Read Central Bank Independence and Inflation in Latin America—Through the Lens of History Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 16 minutes to read Central Bank Independence and Inflation in Latin America—Through the Lens of History aloud.

What Reading Level is Central Bank Independence and Inflation in Latin America—Through the Lens of History?

Central Bank Independence and Inflation in Latin America—Through the Lens of History 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 Central Bank Independence and Inflation in Latin America—Through the Lens of History?

Central Bank Independence and Inflation in Latin America—Through the Lens of History by Mr. Luis Ignacio Jácome 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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