It takes the average reader and 30 minutes to read Economic and Legal Considerations of Optimal Privatization by Mr. John R. Garrett
Assuming a reading speed of 250 words per minute. Learn more
Successful privatization must be accompanied by the complete removal of privileges and any public policy mission. Bank behavior changes rapidly as profit maximation replaces the bureaucratic objective function. Once privileges are granted, they are difficult to remove. Therefore, privatization is a one-time (nonreversible) operation. The German mortgage bank, DePfa, went through a carefully planned and lengthy privatization process that was successful. Fannie Mae, the U.S. mortgage firm, became a privately owned institution endowed with special privileges, which led to a quasi-monopoly position. This resulted in suboptimal financial sector performance. Fannie Mae’s special privileges have proven resistant to reform efforts.
Economic and Legal Considerations of Optimal Privatization by Mr. John R. Garrett is 29 pages long, and a total of 7,511 words.
This makes it 10% the length of the average book. It also has 9% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 41 minutes to read Economic and Legal Considerations of Optimal Privatization aloud.
Economic and Legal Considerations of Optimal Privatization is suitable for students ages 8 and up.
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