It takes the average reader and 52 minutes to read Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies by Mr.Joseph E. Gagnon
Assuming a reading speed of 250 words per minute. Learn more
This paper explores the effects of unconventional monetary and exchange rate policies. We find that official foreign asset purchases have large effects on current accounts that diminish as capital mobility rises and spill over to financially integrated countries. There is an additional effect through the stock of central bank assets. Domestic asset purchases have an effect on current accounts only when capital mobility is low. We also find that rising US bond yields drive foreign yields, stock prices and depreciations, but less so on days of policy announcements. We develop a theoretical...
Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies by Mr.Joseph E. Gagnon is 52 pages long, and a total of 13,104 words.
This makes it 18% the length of the average book. It also has 16% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 11 minutes to read Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies aloud.
Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies is suitable for students ages 8 and up.
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