How Long to Read Credit Risk Spreads in Local and Foreign Currencies
By Dan Galai
How Long Does it Take to Read Credit Risk Spreads in Local and Foreign Currencies?
It takes the average reader and 22 minutes to read Credit Risk Spreads in Local and Foreign Currencies by Dan Galai
Assuming a reading speed of 250 words per minute. Learn more
Description
The paper shows how-in a Merton-type model with bankruptcy-the currency composition of debt changes the risk profile of a company raising a given amount of financing, and thus affects the cost of debt. Foreign currency borrowing is cheaper when the exchange rate is positively correlated with the return on the company's assets, even if the company is not an exporter. Prudential regulations should therefore differentiate among loans depending on the extent to which borrowers have "natural hedges" of their foreign currency exposures.
How long is Credit Risk Spreads in Local and Foreign Currencies?
Credit Risk Spreads in Local and Foreign Currencies by Dan Galai is 22 pages long, and a total of 5,544 words.
This makes it 7% the length of the average book. It also has 7% more words than the average book.
How Long Does it Take to Read Credit Risk Spreads in Local and Foreign Currencies Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 30 minutes to read Credit Risk Spreads in Local and Foreign Currencies aloud.
What Reading Level is Credit Risk Spreads in Local and Foreign Currencies?
Credit Risk Spreads in Local and Foreign Currencies 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 Credit Risk Spreads in Local and Foreign Currencies?
Credit Risk Spreads in Local and Foreign Currencies by Dan Galai 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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