It takes the average reader and 17 minutes to read Controlled Capital Account Liberalization by Raghuram Rajan
Assuming a reading speed of 250 words per minute. Learn more
In this paper, we develop a proposal for a controlled approach to capital account liberalization for economies experiencing large capital inflows. The proposal essentially involves securitizing a portion of capital inflows through closed-end mutual funds that issue shares in domestic currency, use the proceeds to purchase foreign exchange from the central bank and then invest the proceeds abroad. This would eliminate the fiscal costs of sterilizing those inflows, give domestic investors opportunities for international portfolio diversification and stimulate the development of domestic...
Controlled Capital Account Liberalization by Raghuram Rajan is 17 pages long, and a total of 4,369 words.
This makes it 6% the length of the average book. It also has 5% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 23 minutes to read Controlled Capital Account Liberalization aloud.
Controlled Capital Account Liberalization is suitable for students ages 6 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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