How Long to Read Debt Crises and the Development of International Capital Markets

How Long Does it Take to Read Debt Crises and the Development of International Capital Markets?

It takes the average reader and 34 minutes to read Debt Crises and the Development of International Capital Markets by Mr.Andrea Pescatori

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

Description

Crises on external sovereign debt are typically defined as defaults. Such a definition accurately captures debt-servicing difficulties in the 1980s, a period of numerous defaults on bank loans. However, defining defaults as debt crises is problematic for the 1990s, when sovereign bond markets emerged. In contrast to the 1980s, the 1990s are characterized by significant foreign debt-servicing difficulties but fewer sovereign defaults. In order to capture this evolution of debt markets, we define debt crises as events occurring when either a country defaults or its bond spreads are above a critical threshold. We find that our definition outperforms the default-based definition in capturing debt-servicing difficulties and, consequently, in fitting the post-1994 period. In particular, liquidity indicators are significant in explaining our definition of debt crises, while they do not play any role in explaining defaults after 1994.

How long is Debt Crises and the Development of International Capital Markets?

Debt Crises and the Development of International Capital Markets by Mr.Andrea Pescatori is 34 pages long, and a total of 8,636 words.

This makes it 11% the length of the average book. It also has 11% more words than the average book.

How Long Does it Take to Read Debt Crises and the Development of International Capital Markets Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 47 minutes to read Debt Crises and the Development of International Capital Markets aloud.

What Reading Level is Debt Crises and the Development of International Capital Markets?

Debt Crises and the Development of International Capital Markets 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 Debt Crises and the Development of International Capital Markets?

Debt Crises and the Development of International Capital Markets by Mr.Andrea Pescatori 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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