It takes the average reader and 45 minutes to read Dollarization of the Banking System by Mr.Gianni De Nicolo
Assuming a reading speed of 250 words per minute. Learn more
This paper assesses the benefits and risks associated with dollarization of the banking system. We provide novel empirical evidence on the determinants of dollarization, its role in promoting financial development, and on whether dollarization is associated with financial instability. We find that: (a) the credibility of macroeconomic policy and the quality of institutions are both key determinants of cross-country variations in dollarization; (b) dollarization is likely to promote financial deepening only in a high inflation environment; and (c) financial instability is likely higher in dollarized economies. The implications of these findings for financial sector and monetary policies are discussed.
Dollarization of the Banking System by Mr.Gianni De Nicolo is 45 pages long, and a total of 11,475 words.
This makes it 15% the length of the average book. It also has 14% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 2 minutes to read Dollarization of the Banking System aloud.
Dollarization of the Banking System is suitable for students ages 8 and up.
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